Repligen Corporation (RGEN)
Cash conversion cycle
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 161.97 | 203.54 | 196.19 | 207.43 | 208.65 | 216.42 | 259.83 | 258.65 | 251.49 | 262.72 | 267.59 | 258.47 | 241.12 | 232.28 | 236.06 | 216.78 | 221.43 | 206.82 | 195.75 | 181.51 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 161.97 | 203.54 | 196.19 | 207.43 | 208.65 | 216.42 | 259.83 | 258.65 | 251.49 | 262.72 | 267.59 | 258.47 | 241.12 | 232.28 | 236.06 | 216.78 | 221.43 | 206.82 | 195.75 | 181.51 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 161.97 + — – —
= 161.97
The cash conversion cycle of Repligen Corporation has shown fluctuations over the analyzed period. The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash inflows from sales.
From March 31, 2020, to December 31, 2024, the cash conversion cycle ranged from a high of 267.59 days on June 30, 2022, to a low of 161.97 days on December 31, 2024. A longer cash conversion cycle indicates that the company is taking longer to collect cash from its sales, potentially tying up capital in inventory or other operating expenses.
The trend of the cash conversion cycle for Repligen Corporation seems to have initially increased before decreasing towards the end of the period. The company may have improved its efficiency in managing working capital or streamlined its operations to generate cash more quickly from sales.
It would be essential for stakeholders, including investors and creditors, to monitor this metric closely, as a shorter cash conversion cycle can indicate better liquidity and operational efficiency, while a longer cycle may suggest potential cash flow challenges or inefficiencies within the company's operations.
Peer comparison
Dec 31, 2024