Repligen Corporation (RGEN)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	624,137	668,700	728,189	776,656	800,374	797,146	771,730	724,184	657,807	583,191	499,203	423,845	351,528	312,354	282,284	266,775	258,269	240,737	227,641	204,754
Receivables	US$ in thousands	124,161	106,158	120,304	133,488	116,200	117,645	121,050	122,435	117,420	122,048	102,659	90,207	71,389	55,925	49,296	45,212	43,672	42,591	43,549	39,362
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

December 31, 2023 calculation

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

Repligen Corp.'s receivables turnover has shown some fluctuation over the past eight quarters. The receivables turnover ratio measures how efficiently a company is able to collect payments from its credit sales within a certain period. A higher turnover ratio generally indicates that the company is collecting its accounts receivable more quickly.

In the most recent quarter, Q4 2023, Repligen Corp.'s receivables turnover was 5.14, which was lower compared to the previous quarter. This suggests that the company took longer to collect payments from its credit sales in Q4 2023. However, the turnover ratio in Q4 2023 was still higher than the levels seen in Q1 and Q2 of 2023.

Looking at the historical trend, Repligen Corp. has generally maintained a relatively stable level of receivables turnover over the past two years, with ratios ranging from 5.83 to 6.90. This indicates that the company has been consistently effective in collecting payments from its customers in a timely manner.

Overall, while there has been some variability in Repligen Corp.'s receivables turnover in recent quarters, the company has demonstrated a reasonable level of efficiency in managing its accounts receivable. It is important for investors and stakeholders to monitor these ratios to assess the company's financial health and operational efficiency.