Xencor Inc (XNCR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 186,926 | 169,417 | 294,261 | 130,765 | 170,319 |
| Receivables | US$ in thousands | 13,590 | 30,297 | 67,184 | 12,843 | 22,076 |
| Receivables turnover | 13.75 | 5.59 | 4.38 | 10.18 | 7.72 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $186,926K ÷ $13,590K
= 13.75
The receivables turnover of Xencor Inc has fluctuated over the past five years, indicating varying efficiency in collecting receivables. In 2023, the receivables turnover ratio reached 14.91, demonstrating a significant improvement from the previous year's ratio of 5.68. This sharp increase reflects a more efficient collection of receivables during the most recent period.
Comparing to 2022 and 2021, where the ratios were 5.68 and 4.14 respectively, the company showed a substantial enhancement in converting its accounts receivable into cash within a shorter period in 2023. This suggests that Xencor Inc effectively managed its accounts receivables in 2023.
Furthermore, in 2020 and 2019, the receivables turnover ratios were 10.72 and 7.10 respectively. The ratios for these two years indicate relatively better performance in collecting receivables than in 2021 and 2022, but the 2023 ratio has shown a significant improvement over these periods.
Overall, the increasing trend in the receivables turnover ratio from 2019 to 2023 suggests an improvement in Xencor Inc's efficiency in collecting receivables, with 2023 demonstrating the highest efficiency level in converting receivables into cash over the five-year period analyzed.
Peer comparison
Dec 31, 2023