3D Systems Corporation (DDD)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	512,487	530,813	965,674	548,190	622,454
Total assets	US$ in thousands	990,660	1,446,610	1,549,100	733,055	807,312
Total asset turnover		0.52	0.37	0.62	0.75	0.77

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $512,487K ÷ $990,660K
= 0.52

3D Systems Corporation's total asset turnover has displayed fluctuations over the past five years. The ratio declined from 0.77 in 2019 to 0.75 in 2020, indicating a slight decrease in the efficiency of generating revenue from its assets. This trend continued into 2021, with a further decrease to 0.62, suggesting a continued decline in asset utilization efficiency.

However, by the end of 2022, there was a notable increase in total asset turnover to 0.37, which may indicate challenges in efficiently utilizing assets to generate revenue during that period. The most recent data for 2023 shows a total asset turnover of 0.52, reflecting an improvement from the previous year but still lower than the levels seen in 2019 and 2020.

Overall, the trend in 3D Systems Corporation's total asset turnover indicates some variability in the company's ability to use its assets effectively to generate revenue over the past five years, with fluctuations in efficiency levels. Further analysis of the company's operational and financial strategies may be necessary to fully understand the factors contributing to these changes.