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.