Alkermes Plc (ALKS)

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	1,550,854	1,492,589	1,489,378	1,701,960	1,639,873	1,569,557	1,443,430	1,105,567	1,099,455	1,120,608	1,163,507	1,190,967	1,162,061	1,120,829	1,092,326	1,036,423	1,032,497	1,160,605	1,149,262	1,180,207
Total assets	US$ in thousands	2,055,570	2,155,290	2,206,840	2,123,900	2,136,220	2,279,230	2,187,180	1,922,730	1,963,980	1,941,900	1,957,420	1,977,840	2,024,480	1,995,430	1,937,570	1,878,220	1,949,730	1,876,820	1,802,340	1,825,950
Total asset turnover		0.75	0.69	0.67	0.80	0.77	0.69	0.66	0.57	0.56	0.58	0.59	0.60	0.57	0.56	0.56	0.55	0.53	0.62	0.64	0.65

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,550,854K ÷ $2,055,570K
= 0.75

Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. A higher total asset turnover indicates that the company is more efficient in using its assets to generate sales.

Analyzing the data provided for Alkermes Plc's total asset turnover from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio over time. The total asset turnover ratio started at 0.65 on March 31, 2020, and saw a slight decline to 0.64 on June 30, 2020. This decline continued over the following quarters, reaching a low point of 0.53 on December 31, 2020.

However, from March 31, 2021, the total asset turnover ratio began to show signs of improvement, gradually increasing to 0.80 by March 31, 2024. This upward trend indicates that Alkermes Plc became more effective in utilizing its assets to generate sales revenue during this period.

Overall, the total asset turnover ratio of Alkermes Plc has shown fluctuations but ended on a positive note, reflecting increased efficiency in generating sales relative to its total assets by the end of the period analyzed. The company may have implemented strategies to optimize asset utilization and improve the productivity of its operations, resulting in a higher total asset turnover ratio.