TG Therapeutics Inc (TGTX)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	221,047	2,785	6,689	152	152
Receivables	US$ in thousands	51,093	0	1,389	—	—
Receivables turnover		4.33	—	4.82	—	—

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $221,047K ÷ $51,093K
= 4.33

The receivables turnover ratio for TG Therapeutics Inc has exhibited fluctuations over the past five years. The company achieved a receivables turnover of 4.33 in 2023, a decrease from the 4.82 turnover in 2021. The absence of data for 2022 and 2020 suggests potential reporting gaps or significant changes in the company's operations. Further analysis would be required to determine the reasons behind these variations and assess the effectiveness of the company in collecting payments from its customers.