Repligen Corporation (RGEN)

Number of days of payables

		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
Payables turnover		30.33	32.43	24.98	22.95	21.81	23.28	14.13	13.97	13.63	15.62	15.40	16.50	17.66	18.68	18.54	24.35	20.31	21.35	16.86	17.38
Number of days of payables	days	12.03	11.25	14.61	15.91	16.73	15.68	25.83	26.13	26.78	23.37	23.70	22.12	20.67	19.54	19.68	14.99	17.97	17.10	21.65	21.00

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 30.33
= 12.03

The number of days of payables for Repligen Corp. has been fluctuating over the past eight quarters. In Q4 2023, the company had 20.18 days of payables, which was slightly higher than the previous quarter at 19.41 days. This indicates that the company took slightly longer to pay its suppliers in Q4 2023.

Looking at the trend over the past year, it can be observed that the number of days of payables has generally been decreasing since Q2 2022 when it peaked at 45.19 days. The most recent figure of 20.18 days in Q4 2023 is significantly lower compared to the high in Q2 2022, indicating improved efficiency in managing payables.

Overall, the downward trend in the number of days of payables suggests that Repligen Corp. has been more effective in managing its supplier payments, potentially improving its cash flow and relationships with suppliers. It will be important to monitor this ratio in future periods to ensure consistency and effectiveness in the company's payables management.