Fulgent Payables Turnover from 2010 to 2024

FLGT Stock  USD 16.95  0.33  1.91%   
Fulgent Genetics Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover will likely drop to 6.58 in 2024. Payables Turnover is a liquidity ratio that shows how quickly Fulgent Genetics pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
12.02845052
Current Value
6.58
Quarterly Volatility
3.6840119
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Fulgent Genetics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fulgent Genetics' main balance sheet or income statement drivers, such as Discontinued Operations of 49.5 K, Depreciation And Amortization of 27.5 M or Interest Expense of 38.9 M, as well as many indicators such as Price To Sales Ratio of 2.83, Dividend Yield of 0.018 or PTB Ratio of 0.72. Fulgent financial statements analysis is a perfect complement when working with Fulgent Genetics Valuation or Volatility modules.
  
Check out the analysis of Fulgent Genetics Correlation against competitors.
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Latest Fulgent Genetics' Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Fulgent Genetics over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Fulgent Genetics' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fulgent Genetics' overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Fulgent Payables Turnover Regression Statistics

Arithmetic Mean7.44
Geometric Mean6.63
Coefficient Of Variation49.54
Mean Deviation2.94
Median5.67
Standard Deviation3.68
Sample Variance13.57
Range13.7046
R-Value0.32
Mean Square Error13.09
R-Squared0.10
Significance0.24
Slope0.27
Total Sum of Squares190.01

Fulgent Payables Turnover History

2024 6.58
2023 12.03
2022 10.92
2021 10.52
2020 3.39
2019 8.92
2018 8.14

About Fulgent Genetics Financial Statements

Fulgent Genetics shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although Fulgent Genetics investors may analyze each financial statement separately, they are all interrelated. The changes in Fulgent Genetics' assets and liabilities, for example, are also reflected in the revenues and expenses on on Fulgent Genetics' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Payables Turnover 12.03  6.58 

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Additional Tools for Fulgent Stock Analysis

When running Fulgent Genetics' price analysis, check to measure Fulgent Genetics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fulgent Genetics is operating at the current time. Most of Fulgent Genetics' value examination focuses on studying past and present price action to predict the probability of Fulgent Genetics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fulgent Genetics' price. Additionally, you may evaluate how the addition of Fulgent Genetics to your portfolios can decrease your overall portfolio volatility.