Regenxbio Inc (RGNX)

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		6.05	6.30	11.70	5.88	5.38	5.87	9.08	6.02	11.70	5.60	11.97	9.19	9.32	6.29	6.40	7.21	9.03	5.68	8.32	9.91
Number of days of payables	days	60.29	57.95	31.19	62.11	67.78	62.15	40.21	60.67	31.20	65.18	30.51	39.73	39.17	58.05	56.99	50.65	40.42	64.26	43.87	36.82

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.05
= 60.29

Regenxbio Inc's number of days of payables has fluctuated over the past eight quarters, ranging from 97.76 days to 223.49 days. During Q4 2023, the company took approximately 223.49 days to pay its suppliers, representing a significant increase from the previous quarter's 209.66 days. This suggests that Regenxbio Inc may be taking longer to settle its payables, which could potentially indicate cash flow challenges or negotiations with suppliers. Looking back, the lowest number of days of payables was observed in Q2 2022 at 97.76 days, indicating more efficient payment practices at that time. Overall, a higher number of days of payables may signal potential liquidity issues or changes in the company's payment policies that warrant further investigation.