BioLife Solutions Inc (BLFS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.79 | 46.99 | 12.32 | 3.77 | 6.73 | |
| Number of days of payables | days | 24.68 | 7.77 | 29.63 | 96.90 | 54.22 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.79
= 24.68
BioLife Solutions Inc's number of days of payables has fluctuated over the years based on the data provided. The trend shows a decrease in the number of days required to pay off its payables from 2021 to 2023. In 2020, the company took an average of 54.22 days to pay its obligations, which increased significantly to 96.90 days in 2021. However, there was a substantial improvement in payables management as the number of days decreased to 29.63 days in 2022 and further dropped to just 7.77 days in 2023. This indicates that BioLife Solutions Inc has been more efficient in managing its payables and may be paying off its obligations more promptly in recent years. However, the number of days of payables slightly increased to 24.68 days in 2024, showing a minor deviation from the improving trend observed in previous years.
Peer comparison
Dec 31, 2024