ADMA Biologics Inc (ADMA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 426,454 | 258,215 | 154,080 | 80,943 | 42,220 |
| Total assets | US$ in thousands | 488,678 | 329,182 | 348,461 | 276,253 | 207,673 |
| Total asset turnover | 0.87 | 0.78 | 0.44 | 0.29 | 0.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $426,454K ÷ $488,678K
= 0.87
The total asset turnover ratio for ADMA Biologics Inc has displayed a steady increasing trend over the years, indicating an improvement in the company's efficiency in utilizing its total assets to generate revenue. The ratio increased from 0.20 in December 2020 to 0.87 by December 2024. This suggests that for every dollar of total assets the company had in 2024, it generated $0.87 in revenue, showcasing a more effective utilization of its assets over time. The significant rise in the total asset turnover ratio reflects the company's ability to increase sales relative to the size of its asset base, which is a positive indicator of operational efficiency and productivity.
Peer comparison
Dec 31, 2024