ANI Pharmaceuticals Inc (ANIP)

Total asset turnover

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 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 454,334 417,871 370,670 328,961 287,962 256,461 229,582 208,526 202,730 205,047 205,953 205,960 203,642 194,356 195,209 203,434 206,547 215,703 215,069 207,980
Total assets US$ in thousands 904,422 889,914 859,341 765,224 760,087 739,110 751,334 744,846 771,598 470,454 480,159 463,843 461,190 462,581 465,391 482,232 456,789 456,775 446,906 434,390
Total asset turnover 0.50 0.47 0.43 0.43 0.38 0.35 0.31 0.28 0.26 0.44 0.43 0.44 0.44 0.42 0.42 0.42 0.45 0.47 0.48 0.48

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $454,334K ÷ $904,422K
= 0.50

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. The ratio is calculated by dividing the company's net sales by its average total assets.

Based on the data provided, we can see that ANI Pharmaceuticals Inc's total asset turnover has been showing a positive trend over the past eight quarters. The total asset turnover ratio has increased steadily from 0.30 in Q1 2022 to 0.54 in Q4 2023, indicating that the company has become more efficient in generating sales from its total assets.

A higher total asset turnover ratio suggests that the company is using its assets more effectively to generate sales, which could be a sign of operational efficiency and improved financial performance. In the case of ANI Pharmaceuticals Inc, the increasing trend in total asset turnover indicates that the company may be experiencing growth in sales relative to its total assets.

Overall, the improving total asset turnover trend for ANI Pharmaceuticals Inc is a positive sign and suggests that the company is effectively utilizing its assets to drive revenue generation.