Catalyst Pharmaceuticals Inc (CPRX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.75 | 23.57 | 25.84 | 14.40 | 12.54 | |
| Number of days of payables | days | 24.74 | 15.49 | 14.13 | 25.35 | 29.10 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.75
= 24.74
The number of days of payables for Catalyst Pharmaceuticals Inc has shown variability over the past five years. In 2023, the company took approximately 24.74 days on average to pay its suppliers, representing an increase from the previous year. This suggests that the company may be taking slightly longer to settle its payables obligations compared to 2022.
Comparing with 2021, the number of days of payables was also higher in 2023. However, it is worth noting that in 2023, Catalyst Pharmaceuticals Inc still managed to pay its suppliers faster than in 2020 and 2019, indicating an improvement in the efficiency of managing payables.
Overall, the trend in the number of days of payables for Catalyst Pharmaceuticals Inc indicates some fluctuation, with a recent uptick in 2023 compared to the previous year. This metric is important for assessing the company's liquidity management and its relationship with suppliers.
Peer comparison
Dec 31, 2023