Repligen Corporation (RGEN)

Liquidity ratios

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
Current ratio 6.18 10.44 6.65 6.35 7.02 2.69 2.67 2.51 2.47 2.32 2.30 2.23 2.48 2.61 2.96 2.96 2.83 13.67 15.48 15.56
Quick ratio 5.97 7.23 9.28 12.80 4.75 1.74 1.62 1.52 1.54 1.40 1.41 1.38 1.61 1.78 2.21 2.27 2.25 10.85 12.62 12.65
Cash ratio 5.97 7.23 9.28 12.80 4.75 1.74 1.62 1.52 1.54 1.40 1.41 1.38 1.61 1.78 2.21 2.27 2.25 10.85 12.62 12.65

The current ratio of Repligen Corporation indicates the company's ability to cover its short-term liabilities with its current assets. From March 31, 2020, to December 31, 2024, the current ratio declined from a high of 15.56 to 6.18, showing a decreasing trend in liquidity. However, there was a sharp increase to 10.44 on September 30, 2024, before declining again. Overall, the current ratio demonstrates that Repligen has a strong ability to meet its short-term obligations in most periods.

The quick ratio reflects Repligen's ability to meet its short-term liabilities using its most liquid assets. The quick ratio showed a similar decreasing trend over the same period, from 12.65 to 5.97. There was a spike on March 31, 2024, indicating a temporary increase in liquidity before it decreased again on June 30, 2024.

The cash ratio, which is the most stringent liquidity measure, also shows a decreasing trend over the period analyzed, from 12.65 to 5.97. This ratio reveals the company's ability to cover its current liabilities with its most liquid asset, cash. The ratio spiked on March 31, 2024, but dropped again by the end of the year.

Overall, while there are fluctuations over time, Repligen Corporation generally maintained a strong liquidity position from 2020 to 2024, with the ability to cover its short-term obligations. However, there were periodic reductions in liquidity ratios, indicating potential fluctuations in short-term financial strength.

Additional liquidity measure

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
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

The cash conversion cycle of Repligen Corporation has shown fluctuations over the past few years. From March 31, 2020, to September 30, 2022, the cash conversion cycle increased gradually from 181.51 days to 262.72 days, indicating a longer time span for the company to convert its investments in inventory back into cash.

However, in the subsequent periods, there was a notable decrease in the cash conversion cycle, reaching a low of 161.97 days on December 31, 2024. This reduction suggests that Repligen Corporation has been able to streamline its operations and manage its working capital more efficiently.

The downward trend in the cash conversion cycle signifies that the company has been able to improve its inventory turnover, accounts receivable collection, and accounts payable management. This may indicate better inventory management practices, quicker collection of sales, and possibly more favorable payment terms with suppliers.

Overall, the decreasing trend in the cash conversion cycle for Repligen Corporation indicates improved operational efficiency and effectiveness in managing its working capital, which can lead to enhanced liquidity and financial performance in the long term.