Corcept Therapeutics Incorporated (CORT)
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 | 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 |
Total assets | US$ in thousands | 840,553 | 784,257 | 714,555 | 655,935 | 621,517 | 594,022 | 524,625 | 617,848 | 583,430 | 533,255 | 496,364 | 468,123 | 423,756 | 585,399 | 568,480 | 552,398 | 571,731 | 534,125 | 497,823 | 445,494 |
Total asset turnover | 0.80 | 0.80 | 0.80 | 0.80 | 0.78 | 0.76 | 0.82 | 0.67 | 0.69 | 0.75 | 0.79 | 0.81 | 0.86 | 0.60 | 0.60 | 0.62 | 0.62 | 0.67 | 0.71 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $675,040K ÷ $840,553K
= 0.80
Corcept Therapeutics Incorporated's total asset turnover has exhibited a downward trend from March 2020 to September 2021, indicating a decrease in efficiency in generating sales from its assets during this period. However, there was a significant improvement in total asset turnover in the last quarter of 2021, reaching 0.86, which suggests the company was able to generate more revenue relative to its assets at that time.
Subsequently, total asset turnover showed some fluctuations between 0.67 and 0.82 from March 2022 to June 2023, before stabilizing around 0.80 from June 2024 to December 2024. A total asset turnover ratio of 0.80 means that for every dollar of assets Corcept Therapeutics has, it generates $0.80 in sales revenue. This indicates the company's relatively stable efficiency in utilizing its assets to generate sales during the latter part of the analyzed period. Strategically focusing on maintaining or increasing this ratio can help the company optimize its asset utilization and drive profitability.
Peer comparison
Dec 31, 2024