Repligen Corporation (RGEN)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 634,439 | 638,764 | 801,536 | 670,534 | 366,260 |
Total current assets | US$ in thousands | 783,964 | 1,111,040 | 998,118 | 931,677 | 902,382 |
Total current liabilities | US$ in thousands | 126,787 | 158,162 | 404,196 | 375,262 | 318,956 |
Working capital turnover | 0.97 | 0.67 | 1.35 | 1.21 | 0.63 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $634,439K ÷ ($783,964K – $126,787K)
= 0.97
Repligen Corporation's working capital turnover has fluctuated over the past five years. The company's working capital turnover ratio was 0.63 as of December 31, 2020, indicating that for every dollar of working capital, the company generated $0.63 of revenue.
However, there was a significant improvement in efficiency in the following years. By December 31, 2021, the working capital turnover ratio had increased to 1.21, signaling that the company was able to generate $1.21 of revenue for each dollar of working capital employed. This improvement continued into 2022, with the ratio rising to 1.35, showcasing even better efficiency in utilizing its working capital resources.
There was a slight decline in the working capital turnover ratio by December 31, 2023, where it dropped to 0.67, indicating a decrease in the company's ability to generate revenue relative to its working capital. However, by December 31, 2024, the ratio had rebounded to 0.97, showing some improvement from the previous year but still below the peak in 2022.
Overall, Repligen Corporation has shown variability in its working capital turnover ratio over the past five years, with periods of improvement and decline. The company should continue to monitor and manage its working capital efficiently to ensure optimal utilization of resources for revenue generation.
Peer comparison
Dec 31, 2024