Schrodinger Inc (SDGR)

Receivables turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	216,666	199,383	193,794	197,074	180,955	170,282	163,152	154,467	137,931	124,793	120,740	114,048	108,095
Receivables	US$ in thousands	65,992	19,884	9,652	46,691	55,953	23,583	18,767	29,321	31,744	11,352	21,359	11,270	31,423	12,290	13,849	16,272
Receivables turnover		3.28	10.03	20.08	4.22	3.23	7.22	8.69	5.27	4.35	10.99	5.65	10.12	3.44

December 31, 2023 calculation

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

The receivables turnover ratio for Schrodinger Inc has exhibited fluctuations in recent quarters. In Q4 2023, the company had a receivables turnover ratio of 2.43, representing a decrease from the previous quarter. This indicates that the company collected its accounts receivable approximately 2.43 times during the period.

The highest receivables turnover ratio was observed in Q2 2023 at 8.00, reflecting a significant improvement in the collection efficiency compared to the other quarters. This suggests that in Q2 2023, Schrodinger Inc was able to collect its accounts receivable eight times during that period.

On the other hand, the lowest receivables turnover ratio of 2.62 was recorded in Q4 2022, signaling a comparatively slower collection of accounts receivable during that quarter. Overall, the company's receivables turnover ratios have experienced variability, which may indicate fluctuations in sales, collection efficiency, or credit policies.