Cytokinetics Inc (CYTK)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 173,612 | 177,977 | 99,603 | 52,820 | 39,610 |
| Inventory | US$ in thousands | — | -147 | -51,819 | -4,420 | — |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $173,612K ÷ $—K
= —
I am unable to provide a specific calculation of inventory turnover without the necessary data, but I can offer an explanation of how to interpret this ratio.
Inventory turnover is a financial ratio that measures how many times a company's inventory is sold and replaced over a specific period. It is calculated by dividing cost of goods sold by average inventory for the period. A high inventory turnover indicates that a company is selling its inventory quickly, which may imply strong sales or effective inventory management.
Based on the data provided, the inventory turnover for Cytokinetics Inc for the years 2019 to 2023 is not available. To fully assess the company's inventory turnover trend and its implications, it would be necessary to have the figures for cost of goods sold and average inventory for each year. Without this data, we cannot analyze the company's inventory turnover performance over the specified period.
Peer comparison
Dec 31, 2023