Biogen Inc (BIIB)

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	9,675,900	9,607,500	9,672,000	9,663,100	9,835,600	9,993,300	9,971,500	10,104,600	10,173,400	10,363,200	10,633,600	10,819,500	10,981,700	11,100,500	11,697,700	12,604,300	13,444,600	14,263,300	14,487,300	14,422,400
Total assets	US$ in thousands	28,049,300	28,313,200	26,804,100	26,567,600	26,844,800	28,193,200	25,156,800	24,598,400	24,554,100	24,854,200	25,081,400	23,614,400	23,877,300	23,806,700	24,470,400	23,854,700	24,618,900	24,934,100	25,511,800	26,119,200
Total asset turnover		0.34	0.34	0.36	0.36	0.37	0.35	0.40	0.41	0.41	0.42	0.42	0.46	0.46	0.47	0.48	0.53	0.55	0.57	0.57	0.55

December 31, 2024 calculation

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

Based on the data provided, Biogen Inc's total asset turnover has been gradually declining over the years from 0.55 in March 2020 to 0.34 by December 2024. Total asset turnover measures a company's efficiency in generating sales from its assets. A decreasing trend in this ratio may indicate that the company is less effective in utilizing its assets to generate sales revenue.

The decline in total asset turnover for Biogen Inc suggests that the company may be facing challenges in efficiently managing its assets to generate revenue. This could be due to various factors such as inefficient asset utilization, changes in business operations, or declining sales relative to the size of its asset base.

It is important for stakeholders to monitor this trend closely as a decreasing total asset turnover ratio may indicate potential operational inefficiencies that could impact the company's profitability and overall financial performance in the long run. Further analysis and investigation into the underlying causes of this trend could help management make informed decisions to improve asset utilization and overall efficiency.