BioLife Solutions Inc (BLFS)

Cash conversion cycle

		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
Days of inventory on hand (DOH)	days	201.49	157.90	124.60	153.69	92.90	109.82	112.73	78.10	67.28	84.42	84.75	165.84	183.80	337.61	364.65	182.66	171.30	103.50	116.87	135.39
Days of sales outstanding (DSO)	days	32.53	53.18	52.44	49.52	47.69	58.20	60.73	68.18	76.92	76.64	77.34	64.11	71.31	76.46	103.96	73.79	60.77	53.93	43.30	89.16
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
Cash conversion cycle	days	209.21	192.25	160.89	185.56	132.83	137.67	142.72	116.94	114.58	128.20	132.76	165.63	158.20	251.54	329.79	189.50	177.85	135.35	127.15	180.52

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 201.49 + 32.53 – 24.81
= 209.21

The cash conversion cycle of BioLife Solutions Inc has shown fluctuations over the periods analyzed. The company's cash conversion cycle measures the time it takes for BioLife Solutions to convert its investments in inventory and other resources into cash flows from sales to ultimately cash receipts.

The trend in the cash conversion cycle shows a decrease from a high of 329.79 days as of June 30, 2021, to a low of 114.58 days as of December 31, 2022, indicating an improvement in the efficiency of cash management. However, the cycle increased slightly to 185.56 days as of March 31, 2024, compared to the low in 2022.

Analyzing the cycles, it appears that BioLife Solutions Inc has been managing its working capital and operations more effectively by reducing the time it takes to convert inventory and accounts receivable into cash, although there have been some fluctuations. Overall, a decreasing trend in the cash conversion cycle is typically considered positive as it indicates the company is collecting cash from sales more quickly and efficiently.