Repligen Corporation (RGEN)

Days of sales outstanding (DSO)

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Receivables turnover 5.03 6.30 6.05 5.82 6.89 6.78 6.38 5.91 5.60 4.78 4.86 4.70 4.92 5.59 5.73 5.90 5.91 5.65 5.23 5.20
DSO days 72.61 57.94 60.30 62.73 52.99 53.87 57.25 61.71 65.15 76.39 75.06 77.68 74.12 65.35 63.74 61.86 61.72 64.58 69.83 70.17

December 31, 2023 calculation

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

To analyze Repligen Corp.'s Days Sales Outstanding (DSO) trend over the past eight quarters, we look at the data provided in the table. DSO is a measure of the average number of days a company takes to collect revenue after a sale is made.

The DSO for Repligen Corp. has shown some fluctuations over the past quarters. In Q4 2023, the DSO increased to 70.95 days from 57.85 days in Q3 2023, indicating a longer period for the company to collect its accounts receivable. This increase in DSO may suggest potential difficulties in collecting revenues in a timely manner.

Comparing Q4 2023 to the same period last year (Q4 2022), there has been an increase in DSO from 52.94 days to 70.95 days. This significant increase indicates a worsening trend in collecting accounts receivable over the year, which could potentially impact the company's working capital and cash flow.

Looking at the general trend over the eight quarters, there seems to be some volatility in the DSO figures, with fluctuations in the range of 50 to 70 days. It is essential for the company to monitor and manage its DSO closely to ensure efficient cash flow management and timely collection of receivables.

Overall, the upward trend in DSO for Repligen Corp. raises some concerns about its receivables management efficiency. The company may need to implement strategies to improve collections and reduce the DSO to maintain a healthy cash flow position.