Protagonist Therapeutics Inc (PTGX)

Days of inventory on hand (DOH)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Inventory turnover		—	—	—	—	—	—	—	—	4.11	3.20	—	—	—	4.69	1,775.10	1,687.50	1,656.10	3.28	1,515.90	1,450.50
DOH	days	—	—	—	—	—	—	—	—	88.86	114.12	—	—	—	77.86	0.21	0.22	0.22	111.13	0.24	0.25

March 31, 2024 calculation

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

Based on the days of inventory on hand (DOH) data provided for Protagonist Therapeutics Inc, we observe fluctuations in the efficiency of managing inventory levels over the past quarters.

In the most recent quarter, the company had 88.86 days worth of inventory on hand, indicating that it takes approximately 88.86 days to sell its inventory. This suggests a moderate improvement from the previous quarter where the DOH was 114.12 days.

It is noteworthy that there are quarters where the DOH is extremely low, such as 0.21 days, 0.22 days, and 0.24 days, which may indicate efficient inventory turnover and strong sales. However, inventory levels can fluctuate for various reasons, such as changes in demand, supply chain disruptions, or inventory management strategies.

Overall, Protagonist Therapeutics Inc should continue to monitor and control its inventory levels effectively to ensure optimal utilization of resources and maintain a balance between carrying costs and stockouts. Additionally, analyzing the trend of DOH over multiple periods can provide insights into the company's inventory management efficiency and operational performance.