BioLife Solutions Inc (BLFS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 97,977 | 142,625 | 160,996 | 118,837 | 48,087 |
| Receivables | US$ in thousands | 9,168 | 18,657 | 33,936 | 23,217 | 8,006 |
| Receivables turnover | 10.69 | 7.64 | 4.74 | 5.12 | 6.01 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $97,977K ÷ $9,168K
= 10.69
BioLife Solutions Inc's receivables turnover has shown fluctuations over the past five years. In December 2020, the company had a receivables turnover of 6.01, which decreased to 5.12 by December 2021, and further dropped to 4.74 by December 2022. However, there was a significant improvement in the receivables turnover in December 2023, jumping to 7.64, and again increasing substantially to 10.69 by December 2024. This indicates that BioLife Solutions Inc has been able to collect its accounts receivable more frequently compared to previous years, suggesting a more efficient management of its receivables. An increasing trend in receivables turnover is generally positive as it implies faster conversion of receivables into cash, which can improve liquidity and working capital management for the company.
Peer comparison
Dec 31, 2024