Protagonist Therapeutics Inc (PTGX)
Cash conversion cycle
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | 1,707.68 | 3,789.49 | — | — | — | — | — | — | 1.32 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,707.68 | 3,789.49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.32 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Protagonist Therapeutics Inc has shown fluctuations over the years, with a notable increase to 3,789.49 days as of December 31, 2021. This spike may indicate inefficiencies in the company's management of its working capital and cash flow operations, potentially leading to challenges in converting its investments in inventory and accounts receivable into cash.
Subsequently, the cash conversion cycle improved to 1,707.68 days as of March 31, 2022, suggesting a temporary correction in the company's working capital efficiency. However, the cycle reduced back to 0.00 days in the following periods, indicating that Protagonist Therapeutics has effectively managed its cash flow during those times.
Overall, the company's cash conversion cycle performance reflects varying levels of efficiency in managing its operating cycle components. A longer cash conversion cycle may indicate excessive investments tied up in inventory or slow collections from customers, while a shorter cycle suggests a more streamlined approach in converting its resources into cash.
Peer comparison
Dec 31, 2024