Corcept Therapeutics Incorporated (CORT)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		10.99	11.10	21.95	15.10	13.21	18.11	17.39	14.64	18.48	18.44	12.68	16.11	10.51	17.28	17.53	22.03	14.05	16.92	13.86	9.92
Number of days of payables	days	33.21	32.88	16.63	24.17	27.63	20.16	20.99	24.94	19.75	19.79	28.78	22.66	34.73	21.12	20.83	16.56	25.99	21.58	26.34	36.81

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.99
= 33.21

The number of days of payables for Corcept Therapeutics Inc has shown fluctuations over the past eight quarters. In Q4 2023, the company's payables were at 979.72 days, indicating that, on average, it took around 979 days for the company to pay its suppliers and vendors. This figure decreased from the previous quarter, Q3 2023, where the number of days of payables was at 1,002.33 days. It appears that the company managed to speed up its payment cycle in Q4 2023 compared to the previous quarter.

Looking back further, in Q2 2023, the number of days of payables was relatively lower at 503.76 days. However, in the following quarter, Q3 2023, it significantly increased to over 1,000 days. This suggests a potential delay in payment processing during that period.

Comparing the current figures to the same quarter last year, Q4 2022, there has been an improvement as the number of days of payables decreased from 811.74 days to 979.72 days. This could indicate more efficient cash management practices by the company in managing its payables.

In analyzing the trend over the past eight quarters, it is important to monitor the company's payment cycle to ensure it remains within reasonable parameters for efficient cash flow management and supplier relationships.