Catalyst Pharmaceuticals Inc (CPRX)

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		13.60	34.97	30.97	34.51	23.44	34.51	34.95	14.87	25.84	25.13	22.42	25.17	14.40	29.36	9.90	41.34	10.50	8.28	7.67	5.07
Number of days of payables	days	26.83	10.44	11.79	10.58	15.57	10.58	10.44	24.54	14.13	14.52	16.28	14.50	25.35	12.43	36.88	8.83	34.77	44.08	47.59	71.96

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.60
= 26.83

The number of days of payables for Catalyst Pharmaceuticals Inc has fluctuated over the past few years. The company takes, on average, 26.83 days to pay its suppliers at the end of December 2023, which is higher compared to the previous quarter. This suggests that the company is taking longer to settle its payables in the latest period.

Looking at historical data, there have been instances of both shorter and longer payment periods. For example, in March 2020, the company only took 8.83 days to settle its payables, indicating a more efficient payment process. Conversely, in June 2019 and March 2019, the number of days of payables peaked at 71.96 days and 47.59 days, respectively, reflecting extended payment terms and potentially strained supplier relationships during those periods.

Overall, the variability in the number of days of payables highlights the importance of managing working capital effectively and maintaining positive relationships with suppliers. The company may benefit from optimizing its payment processes to ensure timely payments while also balancing cash flow and liquidity considerations.