Alkermes Plc (ALKS)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	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	1,156,446	1,057,796
Total assets	US$ in thousands	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	1,805,400	1,758,000
Total asset turnover		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	0.64	0.60

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,489,378K ÷ $2,206,840K
= 0.67

The total asset turnover ratio of Alkermes Plc has shown some fluctuation over the past few quarters, with values ranging from 0.53 to 0.80. The ratio measures the company's efficiency in generating sales from its assets, with higher values indicating better asset utilization.

In the most recent quarter, the total asset turnover was 0.67, which implies that for every dollar of assets, the company generated $0.67 in revenue. This indicates a moderate level of efficiency in utilizing its assets to generate sales.

Overall, Alkermes Plc's total asset turnover has generally been within the range of 0.53 to 0.80, suggesting some variability in asset utilization efficiency over time. Further analysis and comparison with industry peers may provide additional insights into the company's operational performance.