Krystal Biotech Inc (KRYS)

Number of days of payables

		Mar 31, 2024	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
Payables turnover		18.26	23.36	21.98	20.61	20.35	19.04	11.39	5.99	5.75	4.64	6.61	20.91	10.83	6.52	4.70	5.61	11.65	6.36	4.57	5.78
Number of days of payables	days	19.99	15.62	16.60	17.71	17.94	19.17	32.05	60.98	63.51	78.72	55.22	17.45	33.70	55.96	77.69	65.05	31.33	57.43	79.95	63.10

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.26
= 19.99

The number of days of payables for Krystal Biotech Inc has shown fluctuations over the past several quarters. The trend indicates that the company has been managing its payables efficiently in recent quarters, as the number of days of payables has generally been decreasing.

In the latest quarter, as of March 31, 2024, the number of days of payables stood at 19.99 days, which suggests that, on average, it takes the company approximately 20 days to pay its suppliers. This represents a slight increase from the previous quarter, where it was 15.62 days, but is still within a reasonable range.

Comparing the current number of days of payables to historical data, there has been a significant improvement from the peak of 78.72 days in the first quarter of 2021. This indicates that the company has become more efficient in managing its trade payables and is potentially negotiating better payment terms with its suppliers.

Overall, the decreasing trend in the number of days of payables for Krystal Biotech Inc reflects a positive operational efficiency in managing its accounts payable, which can have a favorable impact on the company's working capital management and liquidity position.