908 Payables Turnover from 2010 to 2024

MASS Stock  USD 2.56  0.18  6.57%   
908 Devices Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover will likely drop to 12.48 in 2024. Payables Turnover is a liquidity ratio that shows how quickly 908 Devices pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
20.91267842
Current Value
12.48
Quarterly Volatility
2.0039664
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check 908 Devices financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 908 Devices' main balance sheet or income statement drivers, such as Net Interest Income of 4.7 M, Depreciation And Amortization of 1.4 M or Interest Expense of 190.9 K, as well as many indicators such as Price To Sales Ratio of 6.84, Dividend Yield of 0.0 or PTB Ratio of 2.29. 908 financial statements analysis is a perfect complement when working with 908 Devices Valuation or Volatility modules.
  
Check out the analysis of 908 Devices Correlation against competitors.
For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.

Latest 908 Devices' Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of 908 Devices 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. 908 Devices' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 908 Devices' overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Very volatile
   Payables Turnover   
       Timeline  

908 Payables Turnover Regression Statistics

Arithmetic Mean15.06
Geometric Mean14.95
Coefficient Of Variation13.31
Mean Deviation1.04
Median14.98
Standard Deviation2.00
Sample Variance4.02
Range8.9894
R-Value0.07
Mean Square Error4.31
R-Squared0
Significance0.82
Slope0.03
Total Sum of Squares56.22

908 Payables Turnover History

2024 12.48
2023 20.91
2022 14.91
2021 13.84
2020 11.92
2019 17.03

About 908 Devices Financial Statements

908 Devices shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although 908 Devices investors may analyze each financial statement separately, they are all interrelated. The changes in 908 Devices' assets and liabilities, for example, are also reflected in the revenues and expenses on on 908 Devices' 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 20.91  12.48 

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Additional Tools for 908 Stock Analysis

When running 908 Devices' price analysis, check to measure 908 Devices' 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 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.