$Repligen (RGEN.US)$Revenue and operating profit have grown ...
$Repligen (RGEN.US)$Revenue and operating profit have grown rapidly over the past 5 years, and net profit has grown rapidly for 4 years except for the decline affected by income tax adjustments in 2018.
The growth rates of revenue, operating profit, and net profit in 2022 slowed to 19.5%, 13.2%, and 45%, respectively.
Revenue fell 11.5% in 2023Q1, operating profit fell sharply by 43.6% due to falling gross margin and cost growth, and net profit fell 38.6%. Growth seemed to have hit a bottleneck.
The balance sheet shows a decrease in accounts receivable in 2022, but inventory increased dramatically, reaching 30% of revenue, which is an unhealthy level.
Goodwill reached $856 million, accounting for 45% of net assets.
Currently, there are no long-term loans, 250 million short-term loans, and the leverage ratio is not high.
The price-earnings ratio is 46.7, and the price-earnings ratio is 51.4, which is a certain discount compared to last year's growth rate, but considering the Q1 performance, we can observe a few more quarters.
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