Regenxbio Inc (RGNX)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		6.44	5.61	12.14	10.88	10.49
Number of days of payables	days	56.67	65.04	30.07	33.53	34.81

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.44
= 56.67

Regenxbio Inc's number of days of payables has shown fluctuations over the past five years. The trend indicates that the company takes, on average, approximately 223.49 days to pay its payables as of December 31, 2023. This represents a significant increase compared to the prior year where the number of days was 182.10 days.

When comparing current data to historical figures, it is evident that the number of days of payables has been volatile. In 2021, the company managed to reduce the payment period considerably to 83.80 days, but this improved efficiency was not sustained, as evidenced by the substantial increase in 2023.

This increase in the number of days of payables could indicate a change in the company's payment policies or potential cash flow challenges impacting its ability to settle outstanding obligations promptly. Further analysis and comparison with industry peers would provide more insights into the efficiency of Regenxbio Inc's payables management.