Cytek Biosciences Inc (CTKB)

Return on equity (ROE)

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
Net income (ttm) US$ in thousands -12,148 -13,933 -5,851 -2,165 2,484 -2,399 -2,605 767
Total stockholders’ equity US$ in thousands 393,064 415,524 424,179 423,460 425,546 416,509 411,129 407,442 405,385 403,195 -10,985
ROE -3.09% -3.35% -1.38% -0.51% 0.58% -0.58% -0.63% 0.19%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-12,148K ÷ $393,064K
= -3.09%

Cytek Biosciences Inc has experienced negative ROE for the past several quarters, indicating that the company is not generating significant returns for its shareholders compared to the equity invested. The downward trend in ROE from -3.09% in December 2023 to -0.51% in March 2023 suggests a declining profitability and efficiency in utilizing shareholder equity. The positive ROE of 0.58% in December 2022 was a brief improvement, but the subsequent quarters show a return to negative territory.

Overall, Cytek Biosciences Inc's ROE performance indicates a concerning pattern of underperformance and inefficiency in generating returns for shareholders. Further analysis of the company's financial management and operational strategies may be needed to address and improve its ROE in the future.


Peer comparison

Dec 31, 2023