Biogen Inc (BIIB)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	9,675,900	9,835,600	10,173,400	10,981,700	13,444,600
Total assets	US$ in thousands	28,049,300	26,844,800	24,554,100	23,877,300	24,618,900
Total asset turnover		0.34	0.37	0.41	0.46	0.55

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $9,675,900K ÷ $28,049,300K
= 0.34

The total asset turnover of Biogen Inc has been gradually declining over the past five years. In 2020, the total asset turnover was 0.55, indicating that the company generated $0.55 in revenue for every dollar of assets. However, by the end of 2024, the total asset turnover had decreased to 0.34. This decline may suggest that Biogen Inc is becoming less efficient in generating revenue from its assets. It is important for the company to closely monitor and improve its asset management strategies to potentially increase its total asset turnover and overall financial performance in the future.