Repligen Corporation (RGEN)

Short-term

Turnover ratios

The inventory turnover ratio measures how efficiently Repligen Corporation is managing its inventory. The ratio has shown a fluctuating trend over the years, starting at 2.01 on March 31, 2020, and reaching a peak of 2.25 on December 31, 2024. A higher turnover ratio indicates that inventory is sold or used more quickly, which can be beneficial for cash flow and reducing holding costs.

On the other hand, the receivables turnover ratio, which reflects how efficiently the company collects payments from its customers, is not available for the data provided. This may suggest that information on receivables is not publicly disclosed or not applicable.

Similarly, the payables turnover ratio, which demonstrates how effectively the company is managing its trade credit with suppliers, is also not reported in the data. This ratio would have provided insights into how quickly Repligen is paying its suppliers.

The working capital turnover ratio, which indicates how effectively the company is utilizing its working capital to generate sales, has shown a varying pattern over the years. The ratio increased from 0.47 on March 31, 2020, to a peak of 1.48 on September 30, 2022, before declining to 0.96 on December 31, 2024. A higher working capital turnover ratio suggests efficient utilization of resources to drive revenue growth.

In conclusion, while the inventory turnover and working capital turnover ratios reflect the efficiency of inventory management and resource utilization at Repligen Corporation, the unavailability of data on receivables turnover and payables turnover limits a comprehensive analysis of the company's overall activity ratios.

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Average number of days

Based on the provided data, Repligen Corporation's Days of Inventory on Hand (DOH) has fluctuated over the years, ranging from a high of 267.59 days on June 30, 2022, to a low of 161.97 days on December 31, 2024. This indicates that the company has been carrying inventory on hand for an extended period, which may tie up capital and increase storage costs.

Unfortunately, there is no information available on the Days of Sales Outstanding (DSO) and Number of Days of Payables for Repligen Corporation, preventing a complete analysis of the activity ratios. The lack of DSO data makes it difficult to assess the efficiency of the company in collecting accounts receivable, while the absence of information on payables hinders the evaluation of the company's payment practices to suppliers.

In conclusion, while the Days of Inventory on Hand provide insight into Repligen Corporation's inventory management efficiency, the absence of DSO and payables data limits a comprehensive analysis of the company's activity ratios. Further data on these metrics would be necessary to gain a more comprehensive understanding of Repligen Corporation's operational performance.

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Long-term

The fixed asset turnover ratio of Repligen Corporation has exhibited a downward trend in the recent periods, declining from 5.99 in March 31, 2021, to 4.20 in December 31, 2022. This indicates a decrease in the company's ability to generate sales revenue relative to its investment in fixed assets over time.

On the other hand, the total asset turnover ratio has shown a fluctuating pattern, with an overall increasing trend from 0.20 in March 31, 2020, to 0.22 in December 31, 2024. This suggests that the company has been more efficient in utilizing its total assets to generate sales revenue, despite some variability in the ratio over the periods.

The diverging trends between fixed asset turnover and total asset turnover ratios may indicate potential changes in the composition of Repligen Corporation's assets and/or shifts in its business operations that warrant further investigation to understand the underlying factors influencing the long-term activity performance of the company.