Certara Inc (CERT)
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 | 385,148 | 372,797 | 363,553 | 360,690 | 354,337 | 352,960 | 352,084 | 344,394 | 335,644 | 324,357 | 313,601 | 300,937 | 286,104 | 275,399 | 261,772 | 252,799 | 243,530 | 232,746 | 225,915 | 215,376 |
| Total assets | US$ in thousands | 1,575,100 | 1,543,230 | 1,539,610 | 1,542,380 | 1,563,140 | 1,526,820 | 1,572,220 | 1,566,760 | 1,572,920 | 1,508,690 | 1,501,750 | 1,507,030 | 1,511,730 | 1,414,790 | 1,265,340 | 1,262,620 | 1,269,400 | 1,020,380 | 1,056,380 | — |
| Total asset turnover | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | 0.20 | 0.19 | 0.19 | 0.21 | 0.20 | 0.19 | 0.23 | 0.21 | — |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $385,148K ÷ $1,575,100K
= 0.24
The total asset turnover of Certara Inc has shown consistency and stability over the past few years, ranging between 0.19 to 0.24. This ratio indicates that Certara Inc generates between $0.19 to $0.24 in revenue for every dollar of total assets held. The company's ability to efficiently utilize its assets to generate revenue has been relatively steady, with a slight improvement seen in recent periods. Overall, the total asset turnover ratio suggests that Certara Inc is effectively utilizing its assets to generate sales and is maintaining a consistent level of operational efficiency.
Peer comparison
Dec 31, 2024