BioLife Solutions Inc (BLFS)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	102,868	122,972	125,729	136,909	142,796	154,008	161,427	162,452	161,032	154,468	147,521	138,192	118,837	96,581	74,057	52,773	48,087	41,249	36,673	33,590
Receivables	US$ in thousands	9,168	17,918	18,064	18,574	18,657	24,556	26,860	30,343	33,936	32,436	31,257	24,271	23,217	20,232	21,093	10,669	8,006	6,095	4,351	8,205
Receivables turnover		11.22	6.86	6.96	7.37	7.65	6.27	6.01	5.35	4.75	4.76	4.72	5.69	5.12	4.77	3.51	4.95	6.01	6.77	8.43	4.09

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $102,868K ÷ $9,168K
= 11.22

The receivables turnover ratio for BioLife Solutions Inc has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the ratios have ranged from a low of 3.51 to a high of 11.22. This ratio indicates how efficiently the company is able to collect its accounts receivable during a specific period.

A higher receivables turnover ratio generally suggests that the company is collecting its outstanding receivables more quickly, which is a positive sign of strong liquidity and effective credit policies. Conversely, a lower ratio may indicate inefficiencies in collections, potential credit risks, or extending overly lenient credit terms to customers.

BioLife Solutions Inc experienced a significant increase in receivables turnover from December 31, 2024, reaching its peak at 11.22. This could signify the company's improved management of accounts receivable or possibly a change in customer payment behavior.

It is important for BioLife Solutions Inc to monitor its receivables turnover ratio regularly to ensure a healthy balance between sales growth and efficient cash flow management. Additionally, comparing this ratio with industry benchmarks can provide valuable insights into the company's performance relative to its peers in terms of receivables management.