Repligen Corporation (RGEN)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 205.25 | 208.30 | 251.49 | 241.12 | 221.43 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 205.25 | 208.30 | 251.49 | 241.12 | 221.43 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 205.25 + — – —
= 205.25
The cash conversion cycle of Repligen Corporation has fluctuated over the past five years. In 2020, the company's cash conversion cycle was 221.43 days, indicating the average number of days it takes to convert resources into cash. This increased to 241.12 days in 2021 and further to 251.49 days in 2022, suggesting an elongation in the company's ability to convert investments into cash.
However, there was a notable improvement in 2023, as the cash conversion cycle decreased to 208.30 days, reflecting a more efficient performance in managing cash flows and working capital. In 2024, the trend continued positively, with a further reduction to 205.25 days, indicating the company's enhanced ability to convert its resources into cash within a shorter timeframe.
Overall, the decreasing trend in the cash conversion cycle suggests that Repligen Corporation has been improving its liquidity and efficiency in managing its working capital over the years, which is a positive indicator for the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024