Repligen Corporation (RGEN)

Short-term

Turnover ratios

Repligen Corporation's activity ratios provide insights into how efficiently the company manages its assets and liabilities to generate revenue.

1. Inventory Turnover: Repligen's inventory turnover ratio indicates how many times the company's inventory is sold and replaced over a specific period. The trend shows a slight decrease from 1.65 in 2020 to 1.45 in 2022, which suggests that the company may be experiencing challenges in managing its inventory levels effectively. However, the ratios for 2023 and 2024 show an improvement to 1.75 and 1.78, respectively, indicating enhanced efficiency in inventory management during those periods.

2. Receivables Turnover: The absence of data for receivables turnover indicates that the company's financial statements may not specify this ratio, making it difficult to assess how well Repligen collects its receivables within a given time frame.

3. Payables Turnover: Similar to receivables turnover, the lack of data for payables turnover suggests that Repligen's financial statements may not disclose this information, making it challenging to evaluate how quickly the company pays its suppliers.

4. Working Capital Turnover: The working capital turnover ratio measures how efficiently a company generates revenue from its working capital. Repligen's working capital turnover ratio shows variations over the years, with a notable increase from 0.63 in 2020 to 1.35 in 2022, indicating improved efficiency in utilizing its working capital to generate sales. However, the ratio dips in 2023 to 0.67 before recovering to 0.97 in 2024, indicating fluctuations in the company's ability to generate revenue from its working capital.

Overall, while Repligen has shown improvements in inventory turnover and working capital turnover in certain years, the lack of data for receivables and payables turnover limits a comprehensive assessment of the company's overall efficiency in managing its working capital and assets. Further analysis and additional financial information would be necessary to provide a more detailed evaluation of Repligen Corporation's activity ratios.

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Average number of days

Based on the provided data for Repligen Corporation, we can analyze the activity ratios as follows:

1. Days of Inventory on Hand (DOH):
- As of December 31, 2020, Repligen had 221.43 days of inventory on hand.
- This ratio increased to 241.12 days by December 31, 2021, and further to 251.49 days by December 31, 2022.
- However, there was a decrease in inventory days to 208.30 days by December 31, 2023, and a further reduction to 205.25 days by December 31, 2024.
- A decreasing trend in days of inventory on hand indicates efficient management in managing and selling inventory.

2. Days of Sales Outstanding (DSO):
- The data provided does not include information on days of sales outstanding for any of the years from 2020 to 2024.
- Days of sales outstanding is a measure of how long it takes for a company to collect on its sales. With missing data, it is not possible to evaluate Repligen's collection efficiency.

3. Number of Days of Payables:
- Similar to days of sales outstanding, data for the number of days of payables is not available for the years 2020 to 2024.
- This ratio is important as it shows how long a company takes to pay its suppliers. Without this information, it is challenging to assess Repligen's payment practices and liquidity management.

Overall, based on the provided data, we observe fluctuations in the days of inventory on hand for Repligen Corporation. However, the absence of information on days of sales outstanding and number of days of payables limits a comprehensive analysis of the company's overall activity ratios.

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Long-term

Repligen Corporation's long-term activity ratios reflect the efficiency of the company in utilizing its fixed assets and total assets to generate revenue.

The fixed asset turnover ratio for Repligen Corporation has shown a slight decrease from 5.48 in 2020 to 4.20 in 2022. This ratio indicates that for each dollar invested in fixed assets, the company is generating sales of $4.20 in 2022, down from $5.48 in 2020. A decreasing fixed asset turnover ratio could suggest that the company's fixed assets are not being utilized as efficiently to generate sales.

On the other hand, the total asset turnover ratio of Repligen Corporation has shown a fluctuating trend, increasing from 0.19 in 2020 to 0.32 in 2022 before declining to 0.22 in 2024. This ratio measures how efficiently the company is using its total assets to generate revenue. A higher total asset turnover ratio indicates better efficiency in asset utilization.

Overall, the trend in Repligen Corporation's long-term activity ratios suggests fluctuations in the efficiency of utilizing both fixed and total assets to generate revenue. Further analysis of the company's operational strategies and investments may be needed to understand the factors driving these trends.