Protagonist Therapeutics Inc (PTGX)

Inventory turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands — 3,312 1,032 2,775 —
Inventory US$ in thousands — -10,332 -94 8,503 3,976
Inventory turnover — — — 0.33 0.00

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $—K ÷ $—K
= —

Protagonist Therapeutics Inc's inventory turnover has shown a significant improvement from 0.00 in December 2020 to 0.33 in December 2021. The increase indicates that the company is managing its inventory more efficiently, selling its products more frequently or turning over its inventory more quickly. However, the lack of data for the subsequent years (2022, 2023, and 2024) makes it challenging to assess the trend over time. It is crucial for the company to continue monitoring and improving its inventory turnover to optimize its working capital and enhance overall operational efficiency.