Protagonist Therapeutics Inc (PTGX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	—	3.20	4.69	3.28
DOH	days	—	—	114.12	77.86	111.13

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Protagonist Therapeutics Inc have fluctuated over the past five years. In 2023 and 2022, the specific DOH values are not provided. However, in 2021, the company had an average of 114.12 days of inventory on hand, which decreased to 77.86 days in 2020 before increasing again to 111.13 days in 2019.

The downward trend in 2020 suggests that Protagonist Therapeutics improved its efficiency in managing inventory levels, potentially by streamlining operations or improving demand forecasting. However, the subsequent increase in 2019 may indicate a buildup of inventory or challenges in matching production with demand.

Overall, it is important for Protagonist Therapeutics to carefully monitor and manage its inventory levels to optimize working capital and ensure efficient operations. Efforts to strike a balance between holding enough inventory to meet demand while minimizing excess inventory can help improve financial performance and profitability in the long run.