Protagonist Therapeutics Inc (PTGX)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	39,796	33,491	32,071	31,310	29,829	31,739	32,367	32,722	31,746	27,196	24,930	22,565	20,027	18,638	17,751	16,875	16,561	15,749	15,159	14,505
Inventory	US$ in thousands	—	—	-2,050	-50	-51	-94	-620	—	7,729	8,503	—	—	—	3,976	10	10	10	4,795	10	10
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

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $39,796K ÷ $—K
= —

Inventory turnover for Protagonist Therapeutics Inc has shown fluctuations over the past quarters, indicating varying efficiencies in managing its inventory. The company's inventory turnover ratio ranged from a low of 1.515.90 in September 2019 to a high of 1,775.10 in September 2020. Notably, the high turnover in September 2020 may suggest that the company effectively sold through its inventory multiple times during that period.

It is important to highlight the extreme values observed in 2020, specifically in March and September. These values, notably 1,775.10 and 1,687.50, may be outliers or data errors given the substantial deviation from the typical ranges of inventory turnover ratios seen in the industry.

Additionally, the inventory turnover ratio for the most recent quarters (up to March 2022) fell within the range of 3.20 to 4.69, indicating that the company has shown relatively consistent inventory management efficiency during this period. However, the absence of data for some quarters in between further limits the ability to track the trend of inventory turnover over time.

Overall, Protagonist Therapeutics Inc should aim to maintain a steady and optimal level of inventory turnover to ensure effective management of its inventory and efficient operations.