BioLife Solutions Inc (BLFS)

Number of days of payables

		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	Jun 30, 2020	Mar 31, 2020
Payables turnover		14.71	19.38	22.59	20.69	47.01	12.03	11.87	12.44	12.32	11.10	12.44	5.68	3.77	2.25	2.63	5.45	6.73	16.53	11.05	8.29
Number of days of payables	days	24.81	18.83	16.15	17.64	7.76	30.35	30.75	29.34	29.62	32.87	29.33	64.31	96.91	162.53	138.82	66.95	54.22	22.08	33.02	44.04

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.71
= 24.81

The number of days of payables is a measure that indicates how long, on average, a company takes to pay its suppliers and vendors. For BioLife Solutions Inc, we observe fluctuations in the number of days of payables over the period from March 31, 2020, to December 31, 2024.

- The number of days of payables decreased from 44.04 days on March 31, 2020, to 22.08 days on September 30, 2020, indicating that the company was paying its suppliers more quickly during this period.
- However, there was a significant increase in the number of days of payables to 162.53 days on September 30, 2021, suggesting that BioLife Solutions Inc was taking much longer to settle its payables.
- Subsequently, there was a decrease in the number of days of payables to 7.76 days on December 31, 2023, which implies the company was efficiently managing its payables during this period.
- As of December 31, 2024, the number of days of payables stood at 24.81 days, indicating a slight increase compared to the previous period.

Overall, fluctuating trends in the number of days of payables for BioLife Solutions Inc suggest varying payment practices and cash flow management strategies over the analyzed period. This metric can provide insights into the company's liquidity, operational efficiency, and relationships with suppliers.