TG Therapeutics Inc (TGTX)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.44 | — | — | — | — | |
| DOH | days | 106.22 | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.44
= 106.22
Based on the data provided, TG Therapeutics Inc had 106.22 days of inventory on hand as of December 31, 2023. Unfortunately, data for the prior years (2022, 2021, 2020, and 2019) is not available for comparison.
Days of Inventory on Hand (DOH) is a financial metric that indicates the number of days a company holds inventory before selling it. A higher DOH value may suggest slower inventory turnover and potential risks such as obsolete inventory or overstocking. Conversely, a lower DOH value could indicate efficient inventory management and potentially better liquidity.
Without historical data for comparison purposes, it's challenging to assess the trend of the company's inventory management efficiency over time. However, a standalone DOH value of 106.22 days as of December 31, 2023, could prompt further investigation into the company's inventory practices to understand the underlying factors contributing to this metric.
Peer comparison
Dec 31, 2023