The kit's advertised speed in MT/s (million transfers per second), reached by enabling its XMP or EXPO profile.
When it matters: Higher speed usually beats tighter timings. Trap: often listed as MHz, which is technically wrong. Kits faster than your CPU supports may not run stable at the rated speed.
The standard speed the stick runs at by default, before you enable any profile.
When it matters: Trap: a new PC runs the RAM at this slower speed until you turn on XMP or EXPO in the BIOS. Many buyers never do.
Skip it if: You will enable the profile, or the kit runs at stock speed anyway.
The delay, in clock cycles, between asking for data and getting it. Written as CL30 and similar. Lower is better at the same speed.
When it matters: Compare CL only between kits of the same speed. DDR5's higher CL numbers do not make it slower than DDR4, because each cycle is shorter.
The four main delay settings, written like 30-36-36-76: CAS latency, tRCD, tRP and tRAS. Lower numbers mean less waiting.
When it matters: Lower is better only when comparing the same speed. The gains are small in most games. Paying a lot extra for tight timings is rarely worth it.
Skip it if: You are choosing between kits of different speeds: speed matters more.
The real delay in nanoseconds, worked out as CAS latency x 2000 / speed in MT/s. Lower is better.
When it matters: The fair way to compare kits of different speeds. DDR4-3600 CL16 and DDR5-6000 CL30 land close, but DDR5 moves far more data per second.