Certara Inc (CERT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 330,662 | 333,169 | 332,975 | 327,074 | 320,407 | 309,191 | 300,367 | 285,250 | 269,717 | |||
| Total assets | US$ in thousands | 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 |
| Total asset turnover | 0.21 | 0.22 | 0.21 | 0.21 | 0.20 | 0.20 | 0.20 | 0.19 | 0.18 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $330,662K ÷ $1,563,140K
= 0.21
Certara Inc's total asset turnover has remained relatively stable over the past eight quarters, ranging between 0.20 and 0.23. This ratio indicates how efficiently the company is using its assets to generate revenue. A total asset turnover ratio of 0.23 means that for every dollar of total assets, Certara Inc generated $0.23 in revenue during Q4 2023.
The consistent level of total asset turnover suggests that the company has maintained a steady level of efficiency in utilizing its assets to generate sales. It is important for Certara Inc to continue monitoring and improving this ratio to ensure optimal utilization of its assets and sustained revenue generation.
Peer comparison
Dec 31, 2023