Repligen Corporation (RGEN)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	624,137	800,374	657,807	354,127	255,303
Receivables	US$ in thousands	124,161	116,200	117,420	71,389	43,672
Receivables turnover		5.03	6.89	5.60	4.96	5.85

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $624,137K ÷ $124,161K
= 5.03

Repligen Corp.'s receivables turnover has displayed fluctuations over the past five years. The trend shows a peak in 2022 with a ratio of 6.90, indicating that the company collected its accounts receivable approximately 6.90 times during that year. Subsequently, there was a decrease in 2023 to 5.14, reflecting a potential slowdown in the collection of receivables. Comparing the turnover ratios to industry benchmarks can provide further insights into the effectiveness of Repligen Corp.'s receivables management. Overall, the company's ability to efficiently convert receivables into cash warrants monitoring to ensure optimal liquidity management.