TG Therapeutics Inc (TGTX)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 136,837 | 70,219 | 128,302 | 107,850 | 15,027 |
| Inventory | US$ in thousands | 39,823 | 0 | -23,604 | — | — |
| Inventory turnover | 3.44 | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $136,837K ÷ $39,823K
= 3.44
The inventory turnover ratio for TG Therapeutics Inc as of December 31, 2023, was 3.44. This indicates that the company sells and replaces its inventory approximately 3.44 times during the year. A higher inventory turnover ratio generally suggests efficient inventory management and timely sales. Comparing this figure to prior years would provide valuable insights into the company's historical performance in managing its inventory levels. Unfortunately, without data for the preceding years, we cannot assess the trend in the inventory turnover ratio. Nonetheless, an inventory turnover of 3.44 suggests that TG Therapeutics Inc may have a relatively healthy turnover of inventory, but further analysis in conjunction with historical data would be necessary to draw more precise conclusions on the company's inventory management efficiency.
Peer comparison
Dec 31, 2023