TG Therapeutics Inc (TGTX)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	177,271	162,242	145,863	133,962	117,671	95,647	77,570	70,111	80,019	100,664	122,043	101,520	112,914	113,311	93,728	107,850	68,247	36,265	24,547	15,607
Inventory	US$ in thousands	84,669	81,243	77,719	39,823	33,553	30,234	27,221	0	—	-32,451	4,092	-23,604	-13,507	-5,029	5,590	—	—	—	—	—
Inventory turnover		2.09	2.00	1.88	3.36	3.51	3.16	2.85	—	—	—	29.82	—	—	—	16.77	—	—	—	—	—

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $177,271K ÷ $84,669K
= 2.09

TG Therapeutics Inc's inventory turnover has shown fluctuations over the past few quarters. The company's inventory turnover ratio was 2.09 as of Sep 30, 2024, which indicates that the company is turning over its inventory approximately 2.09 times during the period. This ratio decreased slightly from the previous quarter, indicating that the company may be holding onto its inventory for a slightly longer period.

Looking at historical data, the inventory turnover ratio has ranged from 1.88 to 3.51 over the last few quarters, with some significant variations. The inventory turnover ratio of 29.82 on Mar 31, 2022, stands out as significantly higher compared to other periods. This unusually high ratio may suggest efficient inventory management or a specific event that led to a spike in sales relative to inventory levels.

Overall, the inventory turnover ratio provides insight into how effectively TG Therapeutics Inc is managing its inventory levels. A higher ratio generally indicates more efficient inventory management, while a lower ratio may suggest excess inventory or potential obsolescence risks. It is important for the company to monitor its inventory turnover consistently to ensure optimal inventory management and cost control.