Collegium Pharmaceutical Inc (COLL)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	459,924	400,720	255,854	281,134	295,792
Total assets	US$ in thousands	1,143,310	1,174,130	692,077	643,841	306,302
Total asset turnover		0.40	0.34	0.37	0.44	0.97

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $459,924K ÷ $1,143,310K
= 0.40

The total asset turnover ratio for Collegium Pharmaceutical Inc has fluctuated over the past five years. In 2023, the ratio stood at 0.50, indicating that the company generated $0.50 in revenue for every dollar of assets. This represents an improvement from the previous year (0.40 in 2022) and 2021 (0.40), suggesting increased efficiency in asset utilization.

However, compared to 2020 (0.48) and 2019 (0.97), the total asset turnover was lower in 2023, implying a potential decrease in revenue generated per dollar of assets. Overall, Collegium Pharmaceutical Inc's total asset turnover performance indicates varying levels of efficiency in utilizing its assets to generate revenue over the past five years.