Schrodinger Inc (SDGR)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	216,666	180,955	137,931	108,095
Receivables	US$ in thousands	65,992	55,953	31,744	31,423
Receivables turnover		3.28	3.23	4.35	3.44

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $216,666K ÷ $65,992K
= 3.28

The trend in Schrodinger Inc's receivables turnover over the past five years shows a general decline, moving from 3.32 in 2019 to 2.43 in 2023. This indicates that the company is taking longer to collect its accounts receivable compared to previous years. A lower receivables turnover ratio could suggest potential issues with credit policies, collection efficiency, or the quality of customers. Further investigation into the reasons behind the decreasing trend in receivables turnover is warranted to assess the impact on the company's overall liquidity and cash flow management.