TG Therapeutics Inc (TGTX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.75 | 3.44 | — | — | — | |
| DOH | days | 209.13 | 106.22 | — | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.75
= 209.13
The days of inventory on hand (DOH) for TG Therapeutics Inc have shown a substantial increase over the period from December 31, 2023, to December 31, 2024. Specifically, the DOH increased from 106.22 days as of December 31, 2023, to 209.13 days as of December 31, 2024. This indicates that the company is holding inventory for a longer period before it is sold, which may lead to concerns regarding inventory management efficiency and potential risks associated with holding excess or obsolete inventory. Monitoring and managing inventory levels effectively will be crucial for TG Therapeutics Inc to optimize its operations and financial performance going forward.
Peer comparison
Dec 31, 2024