Cytek Biosciences Inc (CTKB)

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
Payables turnover		27.57	16.42	22.76	12.16	13.12	10.61	8.79	9.11
Number of days of payables	days	13.24	22.23	16.03	30.01	27.81	34.40	41.52	40.06

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.57
= 13.24

The number of days of payables for Cytek Biosciences Inc has shown some fluctuations over the past few quarters. In the latest quarter ending December 31, 2023, the company had 13.24 days of payables, indicating that, on average, it takes approximately 13 days for the company to pay its trade creditors. This is a significant improvement from the previous quarter, where the number of days of payables was 22.23 days.

The decreasing trend in the number of days of payables suggests that Cytek Biosciences is managing its accounts payable more efficiently. A lower number of days of payables may signify that the company is able to negotiate better payment terms with its suppliers or that it is managing its working capital more effectively.

It is important to note that while having a low number of days of payables can indicate efficient cash management, excessively low payables may also imply that the company is struggling to meet its short-term obligations. Therefore, it is essential for Cytek Biosciences to strike a balance between efficiently managing its payables and maintaining healthy liquidity levels.