Cytek Biosciences Inc (CTKB)

Days of inventory on hand (DOH)

		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
Inventory turnover		1.37	1.16	1.07	0.92	1.31	1.21	1.31	1.43
DOH	days	265.83	315.51	341.97	394.99	278.71	301.08	278.95	254.85

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.37
= 265.83

Cytek Biosciences Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the past few quarters. In the most recent quarter ending December 31, 2023, the company had an inventory turnover of approximately 266 days, which indicates that it takes about 266 days for the company to sell its entire inventory. This represents an improvement compared to the previous quarter, where the DOH was 316 days.

The trend in Cytek Biosciences Inc's inventory management indicates that the company has been able to reduce the time taken to sell its inventory over the past few quarters. However, the DOH metric still remains relatively high, suggesting that the company may have excess inventory on hand compared to its sales volume.

It is important for Cytek Biosciences Inc to continue monitoring and optimizing its inventory management practices to ensure efficient utilization of resources and avoid potential risks associated with excess inventory levels. Further analysis may be required to understand the factors driving the fluctuations in the DOH metric and to implement strategies for better inventory control.