Alkermes Plc (ALKS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,556,830 | 1,639,870 | 1,099,460 | 1,162,060 | 1,032,500 |
| Total assets | US$ in thousands | 2,055,570 | 2,136,220 | 1,963,980 | 2,024,480 | 1,949,730 |
| Total asset turnover | 0.76 | 0.77 | 0.56 | 0.57 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,556,830K ÷ $2,055,570K
= 0.76
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its total assets. For Alkermes Plc, the total asset turnover has shown a fluctuating trend over the past five years.
In 2020, the total asset turnover was 0.53, indicating that the company generated $0.53 in revenue for every dollar of total assets. This suggests that Alkermes Plc may not have been efficiently utilizing its assets to generate revenue.
However, in the following years, there was a slight improvement in total asset turnover, with ratios of 0.57 in 2021, 0.56 in 2022, 0.77 in 2023, and 0.76 in 2024. These increasing values suggest that the company was able to generate more revenue from its total assets, indicating improved asset utilization efficiency over time.
Overall, the upward trend in total asset turnover for Alkermes Plc from 2020 to 2024 reflects an improvement in the company's ability to generate revenue from its assets. It indicates that the company has been effectively managing its assets to drive revenue growth, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2024