Cytek Biosciences Inc (CTKB)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Inventory turnover		2.04	1.94	1.78	1.63	1.37	1.16	1.07	0.92	1.31	1.20	1.30	1.42	1.51	1.62	1.54	1.58	1.79
DOH	days	179.31	188.32	205.26	223.54	265.83	315.51	341.97	394.99	278.71	303.58	281.80	257.69	241.13	225.10	236.72	231.70	204.27

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.04
= 179.31

The days of inventory on hand (DOH) for Cytek Biosciences Inc have shown fluctuations over the period analyzed. The trend indicates that the company has experienced an increase in the number of days it takes to sell its inventory from 204.27 days on December 31, 2020, to a peak of 394.99 days on March 31, 2023. This increase may suggest inefficiencies in inventory management or challenges in predicting demand accurately.

Subsequently, there was a notable decrease in DOH to 179.31 days on December 31, 2024, indicating a positive shift towards more efficient inventory management practices. This improvement could be attributed to better forecasting, streamlined operations, or adjustments in production levels.

Overall, it is essential for Cytek Biosciences Inc to closely monitor its DOH metric to ensure optimal inventory levels that support the company's operations without tying up excessive resources. By actively managing and reducing DOH, the company can enhance its cash flow, reduce carrying costs, and improve overall profitability.