Cytokinetics (FRA:KK3A) Days Payable : 19.12 (As of Dec. 2023)

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What is Cytokinetics Days Payable?

Cytokinetics's average Accounts Payable for the three months ended in Dec. 2023 was €16.32 Mil. Cytokinetics's Cost of Goods Sold for the three months ended in Dec. 2023 was €77.92 Mil. Hence, Cytokinetics's Days Payable for the three months ended in Dec. 2023 was 19.12.

The historical rank and industry rank for Cytokinetics's Days Payable or its related term are showing as below:

FRA:KK3A' s Days Payable Range Over the Past 10 Years
Min: 14.16 Med: 23.05 Max: 35.39
Current: 20.09

During the past 13 years, Cytokinetics's highest Days Payable was 35.39. The lowest was 14.16. And the median was 23.05.

FRA:KK3A's Days Payable is ranked worse than
90.66% of 717 companies
in the Biotechnology industry
Industry Median: 153.86 vs FRA:KK3A: 20.09

Cytokinetics's Days Payable declined from Dec. 2022 (24.97) to Dec. 2023 (19.12). It may suggest that Cytokinetics accelerated paying its suppliers.

Cytokinetics Days Payable Historical Data

The historical data trend for Cytokinetics's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cytokinetics Days Payable Chart

Cytokinetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.08

31.97

32.59

34.39

26.47

Cytokinetics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															24.97	24.84	16.52	14.47	19.12

Competitive Comparison of Cytokinetics's Days Payable

For the Biotechnology subindustry, Cytokinetics's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cytokinetics's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Cytokinetics's Days Payable distribution charts can be found below:

* The bar in red indicates where Cytokinetics's Days Payable falls into.

Cytokinetics Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Cytokinetics's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (24.177	+	19.722)	/	2 )	/	302.723	*	365
=	21.9495					/	302.723	*	365
=	26.47

Cytokinetics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (12.927	+	19.722)	/	2 )	/	77.923	*	365 / 4
=	16.3245					/	77.923	*	365 / 4
=	19.12

Cytokinetics Days Payable Related Terms

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Cytokinetics (FRA:KK3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Cytokinetics Inc (FRA:KK3A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CYTK:USA

Address

350 Oyster Point Boulevard, South San Francisco, CA, USA, 94080

Website

https://www.cytokinetics.com

Cytokinetics Inc is a biotechnology company that develops muscle biology-driven treatments for diseases characterized by reduced muscle function, muscle weakness, and fatigue. The company develops treatments for diseases such as amyotrophic lateral sclerosis, heart failure, spinal muscular atrophy, and chronic obstructive pulmonary disease. The treatment is based on small molecules specifically engineered to increase muscle function and contractility. The company is developing muscle-directed investigational medicines that may potentially improve the health span of people with devastating cardiovascular and neuromuscular diseases of impaired muscle function.

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