Sarepta Therapeutics Inc (SRPT)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,243,340	933,013	701,887	540,099	380,833
Receivables	US$ in thousands	403,058	217,939	152,990	101,340	90,879
Receivables turnover		3.08	4.28	4.59	5.33	4.19

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,243,340K ÷ $403,058K
= 3.08

Sarepta Therapeutics Inc's receivables turnover has been variable over the past five years. The trend indicates a decrease in efficiency in collecting receivables from customers. The company's receivables turnover ratio decreased from 4.19 in 2019 to 3.08 in 2023. This suggests that it took longer for Sarepta Therapeutics Inc to collect payments from customers in 2023 compared to previous years. A lower receivables turnover ratio may indicate potential issues with credit policies, collection efforts, or the creditworthiness of customers. It is important for the company to monitor and improve its receivables turnover to ensure the efficient management of its accounts receivable and cash flow.