Align Technology Inc (ALGN)

Total asset turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	3,999,012	3,960,519	3,942,861	3,916,541	3,862,257	3,807,046	3,737,180	3,704,563	3,734,635	3,864,220	3,989,782	4,031,039	3,952,591	3,756,011	3,474,245	2,815,749	2,471,941	2,287,208	2,160,405	2,408,788
Total assets	US$ in thousands	6,214,600	6,365,970	6,158,320	6,155,750	6,083,880	6,318,550	6,144,550	5,901,450	5,947,950	5,912,800	5,810,120	5,943,410	5,942,110	5,650,110	5,395,570	5,069,780	4,829,680	4,415,090	4,025,860	3,964,840
Total asset turnover		0.64	0.62	0.64	0.64	0.63	0.60	0.61	0.63	0.63	0.65	0.69	0.68	0.67	0.66	0.64	0.56	0.51	0.52	0.54	0.61

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,999,012K ÷ $6,214,600K
= 0.64

The total asset turnover of Align Technology Inc has shown a fluctuating trend over the past few years, ranging from 0.51 to 0.69. The ratio measures the efficiency of the company in generating sales from its assets.

From December 2021 to June 2022, there was a notable increase in total asset turnover from 0.67 to 0.69, indicating that the company was able to generate more revenue for each dollar of assets during this period. However, this trend was not sustained as the ratio decreased to 0.61 by September 2022.

Overall, Align Technology Inc's total asset turnover has been relatively stable around the range of 0.60 to 0.69, suggesting that the company is efficiently utilizing its assets to generate sales. Investors and analysts may want to monitor this ratio to assess the company's operational efficiency and asset utilization in the future.