BioLife Solutions Inc (BLFS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.38 | 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 | 7.67 | 12.70 | 20.36 | 12.94 | |
| Number of days of payables | days | 23.74 | 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 | 47.62 | 28.74 | 17.93 | 28.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.38
= 23.74
BioLife Solutions Inc's number of days of payables has shown fluctuations over the past years, ranging from as low as 17.93 days to as high as 162.53 days. The trend suggests that the company's payables are managed relatively efficiently in recent periods, with lower numbers indicating quicker payment to suppliers. The decrease in days of payables from March 2022 to December 2023 reflects a potential improvement in the company's ability to settle its obligations promptly. However, the significant fluctuation seen in previous years, particularly the spike in payables days in the first quarter of 2022, may indicate past challenges in managing payment terms with suppliers. Overall, a lower number of days of payables is generally favorable as it may signify effective working capital management and positive relationships with vendors.
Peer comparison
Dec 31, 2023