Amphastar P (AMPH)

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	731,967	723,549	712,891	676,209	644,395	601,313	540,886	518,641	498,987	484,851	476,920	455,116	437,768	412,802	384,035	368,178	349,846	337,308	334,014	327,255
Total assets	US$ in thousands	1,577,470	1,545,180	1,491,520	1,574,320	1,512,910	1,544,630	1,378,270	773,656	741,987	726,695	723,719	716,238	671,529	651,677	665,745	645,738	631,236	613,718	600,058	572,831
Total asset turnover		0.46	0.47	0.48	0.43	0.43	0.39	0.39	0.67	0.67	0.67	0.66	0.64	0.65	0.63	0.58	0.57	0.55	0.55	0.56	0.57

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $731,967K ÷ $1,577,470K
= 0.46

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. For Amphastar P, the total asset turnover has shown some fluctuations over the reporting periods.

The ratio decreased from 0.57 in March 2020 to 0.39 in June 2023 before starting to recover gradually. It reached 0.46 by the end of December 2024. A lower total asset turnover indicates that the company is less efficient in utilizing its assets to generate sales.

Overall, the trend suggests that Amphastar P experienced challenges in utilizing its assets effectively in the mid-years of the data range, but there was a slight improvement in asset turnover towards the end of the period. Further analysis would be necessary to understand the underlying reasons for these fluctuations and whether actions were taken to address them.