Krystal Biotech Inc (KRYS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 23.81 | 19.53 | 4.81 | 7.16 | 6.55 | |
| Number of days of payables | days | 15.33 | 18.69 | 75.89 | 51.01 | 55.70 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.81
= 15.33
The number of days of payables for Krystal Biotech Inc has shown a fluctuating trend over the past five years. In 2023, the number of days of payables decreased to 15.33 days from 18.69 days in 2022. This indicates that the company took less time to pay its suppliers in 2023 compared to the previous year.
Furthermore, the number of days of payables in 2023 is significantly lower compared to the figures in 2021, 2020, and 2019, indicating a more efficient management of accounts payable during the latest period.
Overall, the downward trend in the number of days of payables suggests that Krystal Biotech Inc has been improving its payment efficiency and managing its payable obligations more effectively in recent years. This may have positive implications for the company's cash flow management and working capital position.
Peer comparison
Dec 31, 2023