Corcept Therapeutics Incorporated (CORT)

Fixed 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	675,040	628,555	569,610	523,529	482,375	450,026	428,153	413,824	401,858	397,624	392,027	380,229	365,978	352,891	343,087	340,064	353,874	356,034	351,212	334,904
Property, plant and equipment	US$ in thousands	—	—	—	—	—	480	413	461	1,776	801	2,264	726	1,002	1,226	2,938	1,481	1,675	1,311	619	880
Fixed asset turnover		—	—	—	—	—	937.55	1,036.69	897.67	226.27	496.41	173.16	523.73	365.25	287.84	116.78	229.62	211.27	271.57	567.39	380.57

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $675,040K ÷ $—K
= —

Corcept Therapeutics Incorporated's fixed asset turnover ratio has fluctuated over the period from March 31, 2020, to December 31, 2024. The fixed asset turnover ratio measures a company's ability to generate sales from its investment in fixed assets, such as property, plant, and equipment.

From the data provided, we observe that the fixed asset turnover ratio has shown significant variability. The ratio reached its highest point of 1,036.69 on June 30, 2023, indicating that the company generated $1,036.69 in sales for each dollar invested in fixed assets at that time.

Conversely, the ratio dipped to its lowest point of 116.78 on June 30, 2021, suggesting a significant decrease in sales generated per dollar invested in fixed assets during that period.

Overall, it is important to note that while a higher fixed asset turnover ratio generally indicates better efficiency in asset utilization, the fluctuations observed in Corcept Therapeutics Incorporated's ratio may be due to a variety of factors such as changes in sales volume, asset management strategies, or capital expenditure decisions. It would be beneficial to further investigate the underlying reasons for these fluctuations in order to gain a better understanding of the company's operational performance and efficiency in utilizing its fixed assets.