Protagonist Therapeutics Inc (PTGX)
Payables 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 |
Payables | US$ in thousands | 3,507 | 772 | 1,252 | 4,573 | 4,021 | 3,640 | 4,715 | 1,412 | 7,159 | 1,600 | 706 | 7,905 | 2,732 | 3,075 | 2,797 | 2,855 | 3,704 | 2,790 | 1,583 | 2,787 |
Payables turnover | 11.35 | 43.38 | 25.62 | 6.85 | 7.42 | 8.72 | 6.86 | 23.17 | 4.43 | 17.00 | 35.31 | 2.85 | 7.33 | 6.06 | 6.35 | 5.91 | 4.47 | 5.64 | 9.58 | 5.20 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $39,796K ÷ $3,507K
= 11.35
Protagonist Therapeutics Inc's payables turnover ratio fluctuated over the past few quarters. The payables turnover ratio ranged from a low of 2.85 to a high of 43.38 during this period. A high payables turnover ratio indicates that the company is effectively managing its accounts payable by paying its suppliers quickly. Conversely, a low ratio may suggest that the company is taking longer to pay its suppliers.
The significant variation in the payables turnover ratio over the quarters may indicate changes in the company's payment policies or the timing of supplier payments. It is essential to analyze the reasons behind these fluctuations to understand the company's liquidity position and its relationships with suppliers. Additionally, comparing the payables turnover ratio with industry benchmarks can provide further insights into Protagonist Therapeutics Inc's financial performance and efficiency in managing its payables.
Peer comparison
Mar 31, 2024