Certara Inc (CERT)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 385,148 354,337 335,644 286,104 243,530
Total assets US$ in thousands 1,575,100 1,563,140 1,572,920 1,511,730 1,269,400
Total asset turnover 0.24 0.23 0.21 0.19 0.19

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $385,148K ÷ $1,575,100K
= 0.24

The total asset turnover of Certara Inc has shown a gradual improvement over the years, increasing from 0.19 in 2020 to 0.24 in 2024. This indicates that the company is becoming more efficient in generating revenue relative to its total assets. A higher total asset turnover ratio suggests that Certara Inc is utilizing its assets effectively to generate sales. The trend is positive and shows that the company is managing its assets efficiently to drive revenue growth.