Protagonist Therapeutics Inc (PTGX)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	315,090	60,137	123	123	982	26,704	35,221	45,507	46,913	27,380	24,330	27,139	31,091	28,549	25,678	12,604	6,408	4,321	3,955	10,051
Property, plant and equipment	US$ in thousands	1,111	1,195	1,421	1,263	1,341	1,565	1,783	1,962	2,064	1,798	1,723	1,718	1,432	1,462	1,459	1,553	1,603	1,681	1,734	1,692
Fixed asset turnover		283.61	50.32	0.09	0.10	0.73	17.06	19.75	23.19	22.73	15.23	14.12	15.80	21.71	19.53	17.60	8.12	4.00	2.57	2.28	5.94

March 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $315,090K ÷ $1,111K
= 283.61

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover generally indicates better efficiency in generating sales from its investments in fixed assets.

Upon analyzing the fixed asset turnover of Protagonist Therapeutics Inc over the past several quarters, we observe significant fluctuations in the ratio. For the most recent period ending March 31, 2024, the fixed asset turnover ratio stood at an impressive 283.61, indicating a substantial increase in efficiency in utilizing fixed assets to drive sales.

However, looking at historical data, we can see that the fixed asset turnover ratio has been quite volatile, with values ranging from as low as 0.09 to as high as 283.61. This variability suggests fluctuations in the company's ability to efficiently utilize its fixed assets to generate revenue over time.

It is essential for Protagonist Therapeutics Inc to closely monitor and manage its fixed asset turnover ratio to ensure consistent and optimal utilization of its fixed assets in generating sales. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and potential areas for improvement.