Amphastar P (AMPH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 731,967 | 644,395 | 498,987 | 437,768 | 349,846 |
| Total assets | US$ in thousands | 1,577,470 | 1,512,910 | 741,987 | 671,529 | 631,236 |
| Total asset turnover | 0.46 | 0.43 | 0.67 | 0.65 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $731,967K ÷ $1,577,470K
= 0.46
Total asset turnover is a ratio that measures a company's ability to generate revenue from its investments in assets. In the case of Amphastar P, we can observe a fluctuating trend in total asset turnover over the past five years. The ratio has increased from 0.55 in December 31, 2020, to 0.65 in December 31, 2021, and further to 0.67 in December 31, 2022, indicating an improvement in the company's efficiency in generating sales from its total assets during these years.
However, the total asset turnover decreased significantly to 0.43 in December 31, 2023, and slightly increased to 0.46 in December 31, 2024. This decline suggests a potential decrease in the company's ability to utilize its assets to generate sales efficiently in 2023, although there was a slight recovery in 2024.
It is essential for investors and stakeholders to monitor this ratio closely as it provides insights into how effectively the company is utilizing its assets to generate revenue. Fluctuations in total asset turnover can indicate changes in operational efficiency and asset management within the company.
Peer comparison
Dec 31, 2024