Protagonist Therapeutics Inc (PTGX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 0.33 | 0.00 | |
| DOH | days | — | — | — | 1,118.41 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Protagonist Therapeutics Inc's days of inventory on hand (DOH) as of December 31, 2021, was 1,118.41 days. This indicates that the company held its inventory for an average of approximately 1,118 days before selling it during the 2021 fiscal year. A higher DOH value suggests a slower turnover of inventory, which could potentially tie up capital and increase carrying costs. It may be beneficial for the company to explore ways to optimize its inventory management processes to improve efficiency and liquidity. Additionally, it would be essential for stakeholders to monitor changes in this ratio over time to assess the company's inventory management effectiveness and operational performance.
Peer comparison
Dec 31, 2024