Repligen Corporation (RGEN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 32.72 | 22.23 | 13.86 | 17.97 | 20.62 | |
| Number of days of payables | days | 11.15 | 16.42 | 26.34 | 20.31 | 17.70 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 32.72
= 11.15
Repligen Corp.'s number of days of payables has shown a decreasing trend over the past five years. In 2023, the company took approximately 20.18 days to pay its suppliers, which is significantly lower compared to 29.08 days in 2022, 47.31 days in 2021, 39.34 days in 2020, and 35.01 days in 2019. This indicates that Repligen Corp. has been managing its payables more efficiently, signaling a potential improvement in cash flow management and stronger working capital position. A lower number of days of payables may also suggest stronger negotiation power with suppliers and better liquidity management by the company.
Peer comparison
Dec 31, 2023