CODX Cash Conversion Cycle from 2010 to 2024

CODX Stock  USD 0.73  0.03  3.95%   
Co Diagnostics Cash Conversion Cycle yearly trend continues to be fairly stable with very little volatility. Cash Conversion Cycle is likely to outpace its year average in 2024. During the period from 2010 to 2024, Co Diagnostics Cash Conversion Cycle regression line of annual values had significance of  0.79 and arithmetic mean of (5,697). View All Fundamentals
 
Cash Conversion Cycle  
First Reported
2010-12-31
Previous Quarter
33.65641501
Current Value
35.34
Quarterly Volatility
13.3 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Co Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Co Diagnostics' main balance sheet or income statement drivers, such as Interest Expense of 18 M, Selling General Administrative of 15 M or Total Revenue of 6.5 M, as well as many indicators such as Price To Sales Ratio of 5.44, Dividend Yield of 0.0 or PTB Ratio of 0.43. CODX financial statements analysis is a perfect complement when working with Co Diagnostics Valuation or Volatility modules.
  
Check out the analysis of Co Diagnostics Correlation against competitors.
For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide.

Latest Co Diagnostics' Cash Conversion Cycle Growth Pattern

Below is the plot of the Cash Conversion Cycle of Co Diagnostics over the last few years. It is Co Diagnostics' Cash Conversion Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Co Diagnostics' overall financial position and show how it may be relating to other accounts over time.
Cash Conversion Cycle10 Years Trend
Very volatile
   Cash Conversion Cycle   
       Timeline  

CODX Cash Conversion Cycle Regression Statistics

Arithmetic Mean(5,697)
Coefficient Of Variation(234.05)
Mean Deviation8,714
Median(890.32)
Standard Deviation13,333
Sample Variance177.8M
Range39.2K
R-Value0.07
Mean Square Error190.4M
R-Squared0.01
Significance0.79
Slope223.15
Total Sum of Squares2.5B

CODX Cash Conversion Cycle History

2024 35.34
2023 33.66
2022 347.81
2021 122.03
2020 222.15
2019 843.82
2018 -4961.62

About Co Diagnostics Financial Statements

Co Diagnostics investors use historical fundamental indicators, such as Co Diagnostics' Cash Conversion Cycle, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Co Diagnostics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash Conversion Cycle 33.66  35.34 

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Additional Tools for CODX Stock Analysis

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