TG Therapeutics Inc (TGTX)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.09 | 2.00 | 1.88 | 3.36 | 3.51 | 3.16 | 2.85 | — | — | — | 29.82 | — | — | — | 16.77 | — | — | — | — | — | |
| DOH | days | 174.33 | 182.77 | 194.48 | 108.50 | 104.08 | 115.38 | 128.09 | — | — | — | 12.24 | — | — | — | 21.77 | — | — | — | — | — |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.09
= 174.33
The days of inventory on hand (DOH) for TG Therapeutics Inc fluctuated over the periods provided. In the most recent period, as of September 30, 2024, the company had an average of 174.33 days of inventory on hand. This indicates that, on average, it takes the company approximately 174 days to sell its inventory.
Comparing this figure to previous periods, we observe fluctuations in DOH, with peaks in inventory holding periods recorded in March 2024 (194.48 days) and June 2024 (182.77 days). These high DOH figures suggest that the company may have been experiencing challenges in efficiently managing its inventory during those periods.
Conversely, the lowest reported DOH was in December 2021, with only 12.24 days of inventory on hand. This sharp drop may indicate effective inventory management and potentially better sales performance during that period. Overall, analyzing the trend in DOH can provide insights into the company's inventory management efficiency, liquidity, and sales operations.
Peer comparison
Sep 30, 2024