Cytek Payables Turnover from 2010 to 2024

CTKB Stock  USD 5.61  0.07  1.23%   
Cytek Biosciences' Payables Turnover is increasing over the years with slightly volatile fluctuation. Overall, Payables Turnover is expected to go to 28.95 this year. Payables Turnover is a liquidity ratio that shows how quickly Cytek Biosciences pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
27.5689314
Current Value
28.95
Quarterly Volatility
5.4917702
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Cytek Biosciences financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cytek Biosciences' main balance sheet or income statement drivers, such as Net Interest Income of 5.5 M, Interest Income of 8 M or Depreciation And Amortization of 9.7 M, as well as many indicators such as Price To Sales Ratio of 6.07, Dividend Yield of 0.0 or PTB Ratio of 3.3. Cytek financial statements analysis is a perfect complement when working with Cytek Biosciences Valuation or Volatility modules.
  
Check out the analysis of Cytek Biosciences Correlation against competitors.
For information on how to trade Cytek Stock refer to our How to Trade Cytek Stock guide.

Latest Cytek Biosciences' Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Cytek Biosciences over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Cytek Biosciences' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cytek Biosciences' overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Cytek Payables Turnover Regression Statistics

Arithmetic Mean14.96
Geometric Mean14.30
Coefficient Of Variation36.71
Mean Deviation3.70
Median12.47
Standard Deviation5.49
Sample Variance30.16
Range16.4782
R-Value0.66
Mean Square Error18.18
R-Squared0.44
Significance0.01
Slope0.81
Total Sum of Squares422.23

Cytek Payables Turnover History

2024 28.95
2023 27.57
2022 13.12
2021 16.09
2020 13.97

About Cytek Biosciences Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Cytek Biosciences income statement, its balance sheet, and the statement of cash flows. Cytek Biosciences investors use historical funamental indicators, such as Cytek Biosciences's Payables Turnover, to determine how well the company is positioned to perform in the future. Although Cytek Biosciences investors may use each financial statement separately, they are all related. The changes in Cytek Biosciences's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cytek Biosciences's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cytek Biosciences Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cytek Biosciences. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Payables Turnover 27.57  28.95 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in Cytek Stock

When determining whether Cytek Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cytek Biosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cytek Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cytek Biosciences Stock:
Check out the analysis of Cytek Biosciences Correlation against competitors.
For information on how to trade Cytek Stock refer to our How to Trade Cytek Stock guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cytek Biosciences. If investors know Cytek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cytek Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.658
Earnings Share
(0.09)
Revenue Per Share
1.497
Quarterly Revenue Growth
0.21
Return On Assets
(0.03)
The market value of Cytek Biosciences is measured differently than its book value, which is the value of Cytek that is recorded on the company's balance sheet. Investors also form their own opinion of Cytek Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Cytek Biosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cytek Biosciences' market value can be influenced by many factors that don't directly affect Cytek Biosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cytek Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cytek Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cytek Biosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.