Veracyte Inc (VCYT)

Receivables turnover

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 479,129 463,393 445,764 425,331 399,579 375,473 361,051 343,149 328,633 311,175 296,536 283,575 268,353 250,594 219,514 186,714 157,465 123,064 117,483 112,677
Receivables US$ in thousands 50,814 53,781 46,525 48,807 50,304 46,665 40,378 39,297 42,365 45,489 44,021 40,068 40,448 42,481 41,461 40,309 31,864 27,877 18,461 17,629
Receivables turnover 9.43 8.62 9.58 8.71 7.94 8.05 8.94 8.73 7.76 6.84 6.74 7.08 6.63 5.90 5.29 4.63 4.94 4.41 6.36 6.39

June 30, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $479,129K ÷ $50,814K
= 9.43

The receivables turnover ratio for Veracyte Inc demonstrates a general upward trend over the analyzed period, indicating improvements in the company's efficiency in collecting accounts receivable. Starting from a ratio of approximately 6.39 times as of September 30, 2020, the ratio experienced minor fluctuations but maintained relative stability through 2020 and into early 2021, hovering around 4.4 to 6.4 times.

From March 2021 onward, a notable upward trajectory becomes evident. The ratio increased from around 4.41 in March 2021 to 8.73 by September 2023, reflecting a significant enhancement in receivable collection efficiency. The peak occurs in December 2024 with a ratio of approximately 9.58 times, suggesting that the company is collecting receivables more rapidly relative to its sales during this period.

This upward trend indicates that Veracyte Inc has progressively optimized its credit and collection policies, resulting in shorter periods for converting receivables into cash. The increasing ratios over time suggest a strengthened cash flow position and potentially improved credit management practices. Slight declines or stabilization around 8.05 to 8.94 in early 2024 are followed by renewed increases, maintaining the positive trajectory through the latest available data.

Overall, the data implies a consistent and improving collection efficiency, which can enhance liquidity and reduce credit risk. The trend indicates a focus on effective receivables management, contributing positives to the company's operational performance.