Repligen Corporation (RGEN)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		5.03	6.89	5.60	4.96	5.85
DSO	days	72.61	52.99	65.15	73.58	62.44

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.03
= 72.61

The Days of Sales Outstanding (DSO) is a crucial ratio that indicates the average number of days it takes for a company to collect revenue from its sales. A higher DSO typically suggests a longer period for collecting receivables, which may impact a company's liquidity and cash flow.

Analyzing the trend over the past five years for Repligen Corp., we observe fluctuations in the DSO ratio. Specifically, the DSO increased from 58.98 days in 2019 to 71.14 days in 2020, indicating a deterioration in the company's ability to collect receivables promptly. However, there was a notable improvement in 2022 with the DSO decreasing to 52.94 days, suggesting more efficient collection practices.

The DSO for 2023 stands at 70.95 days, which represents a slight increase compared to the previous year. This increase may indicate a potential slowdown in the collection of receivables, leading to a longer cash conversion cycle for the company.

Overall, while there have been fluctuations in Repligen Corp.'s DSO over the past five years, it is essential for the company to closely monitor and manage its receivables collection process to ensure optimal cash flow management and liquidity.