Xencor Inc (XNCR)
Activity ratios
Short-term
Turnover ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 13.76 | 2.89 | 6.17 | 5.30 | 5.59 | 6.69 | 5.37 | 3.92 | 4.38 | 8.85 | 13.40 | 10.22 | 10.06 | 9.54 | 8.18 | 11.33 | 7.56 | 36.83 | 17.20 | 1.16 |
| Payables turnover | 4.56 | 3.88 | 4.11 | 3.75 | 5.44 | 3.56 | 3.20 | 4.05 | 3.22 | 4.40 | 5.21 | 4.62 | 3.84 | 2.46 | 2.94 | 2.85 | 2.72 | 3.07 | 2.96 | 4.71 |
| Working capital turnover | 0.35 | 0.31 | 0.23 | 0.19 | 0.28 | 0.52 | 0.57 | 0.78 | 0.83 | 0.64 | 0.46 | 0.26 | 0.25 | 0.18 | 0.15 | 0.17 | 0.34 | 0.34 | 0.39 | 0.39 |
Xencor Inc's activity ratios for the past quarters reveal the company's efficiency in managing its resources related to inventory, receivables, payables, and working capital.
1. Inventory Turnover: The data provided does not include information on inventory turnover for any of the quarters. Without this ratio, we cannot assess the speed at which Xencor Inc is selling its inventory.
2. Receivables Turnover: There is a significant fluctuation in the receivables turnover ratio over the quarters. The ratio has ranged from 2.64 to 14.91, indicating variability in how quickly Xencor Inc collects its accounts receivable. The higher the ratio, the more efficiently the company is collecting outstanding payments.
3. Payables Turnover: The data shows a payables turnover ratio of 0.00 for all quarters. This suggests that Xencor Inc is not efficiently managing its accounts payable, as there is no turnover in payable balances.
4. Working Capital Turnover: The working capital turnover ratio also fluctuates across quarters, ranging from 0.17 to 0.73. A higher ratio indicates that Xencor Inc is generating more revenue per unit of working capital, reflecting better efficiency in utilizing its working capital resources.
Overall, Xencor Inc's activity ratios reveal certain areas of strength and weakness in its management of inventories, receivables, payables, and working capital. Further analysis and comparison with industry benchmarks would be beneficial to assess the company's performance in these areas accurately.
Average number of days
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 26.53 | 126.23 | 59.15 | 68.92 | 65.26 | 54.59 | 68.03 | 93.00 | 83.35 | 41.26 | 27.24 | 35.71 | 36.27 | 38.28 | 44.60 | 32.23 | 48.27 | 9.91 | 21.22 | 315.73 |
| Number of days of payables | days | 80.00 | 94.10 | 88.82 | 97.27 | 67.08 | 102.58 | 114.01 | 90.18 | 113.22 | 82.98 | 70.11 | 79.02 | 95.04 | 148.43 | 124.32 | 128.07 | 134.33 | 119.08 | 123.31 | 77.53 |
Based on the provided data for Xencor Inc's activity ratios:
1. Days of Inventory on Hand (DOH):
- Unfortunately, specific data regarding Days of Inventory on Hand for Xencor Inc is missing across all quarters. Without this information, it is challenging to evaluate the efficiency of the company in managing its inventory levels.
2. Days of Sales Outstanding (DSO):
- Xencor Inc's Days of Sales Outstanding (DSO) fluctuated significantly throughout the quarters, ranging from 24.48 days in Q4 2023 to 138.20 days in Q3 2023. A lower DSO indicates faster collection of accounts receivable, while a higher DSO suggests slower collection. The substantial variation in DSO warrants further investigation into the company's credit policies and collection procedures.
3. Number of Days of Payables:
- Similar to Days of Inventory on Hand, data on the Number of Days of Payables is not available for any of the quarters. This missing information impedes a thorough assessment of the company's payment practices and relationships with suppliers.
In conclusion, further analysis of Xencor Inc's activity ratios, particularly Days of Inventory on Hand and Number of Days of Payables, is necessary to gain insight into the company's inventory management efficiency and payment strategies. Nonetheless, the fluctuation in Days of Sales Outstanding indicates potential challenges in accounts receivable management that should be addressed to enhance cash flow and liquidity.
Long-term
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 2.83 | 2.34 | 1.82 | 1.58 | 2.86 | 5.88 | 7.50 | 12.18 | 10.42 | 7.52 | 8.59 | 5.74 | 5.96 | 4.60 | 4.90 | 5.21 | 10.56 | 12.62 | 14.94 | 14.01 |
| Total asset turnover | 0.20 | 0.20 | 0.16 | 0.13 | 0.20 | 0.36 | 0.34 | 0.40 | 0.35 | 0.26 | 0.29 | 0.18 | 0.18 | 0.14 | 0.12 | 0.13 | 0.25 | 0.25 | 0.26 | 0.23 |
Xencor Inc's long-term activity ratios provide insights into how efficiently the company is utilizing its fixed and total assets to generate sales.
Fixed asset turnover has decreased gradually over the quarters, from 11.50 in Q1 2022 to 1.47 in Q1 2023. This indicates that Xencor Inc is generating fewer sales relative to its investment in fixed assets, implying decreasing efficiency in utilizing these assets to generate revenue. It might signify underutilization or depreciation of fixed assets over time.
Total asset turnover has also displayed a declining trend, hitting its lowest point of 0.12 in Q1 2023 from 0.38 in Q1 2022. The decreasing ratio suggests that Xencor Inc is generating lower sales in comparison to its total assets. This could signal excessive asset levels, ineffective allocation of resources, or challenges in converting assets into sales.
Overall, the declining trend in both fixed asset turnover and total asset turnover ratios points towards potential inefficiencies in asset utilization and sales generation for Xencor Inc. Further analysis and strategic adjustments may be needed to improve operational efficiency and enhance profitability in the long term.