3D Systems Corporation (DDD)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	518,086	512,115	494,096	504,761	517,903	530,889	553,131	577,728	600,986	653,777	677,032	655,987	605,384	554,394	546,312	566,368	611,477	628,898	645,040	654,360
Total assets	US$ in thousands	857,236	990,660	1,392,750	1,431,700	1,442,290	1,446,610	1,431,370	1,481,960	1,506,560	1,549,100	1,005,100	712,293	705,507	733,055	707,282	751,211	783,712	807,312	822,763	877,551
Total asset turnover		0.60	0.52	0.35	0.35	0.36	0.37	0.39	0.39	0.40	0.42	0.67	0.92	0.86	0.76	0.77	0.75	0.78	0.78	0.78	0.75

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $518,086K ÷ $857,236K
= 0.60

The total asset turnover for 3D Systems Corporation has varied over the past few quarters. It measures how efficiently the company is utilizing its assets to generate sales.

The trend in total asset turnover shows a decreasing pattern from the first quarter of 2021 to the third quarter of 2023. This indicates that the company's ability to generate sales from its total assets has been declining over this period.

In particular, there was a substantial decrease in total asset turnover from the first quarter of 2022 to the third quarter of 2023, dropping from 0.67 to 0.35. This significant decline suggests that the company may be facing challenges in efficiently utilizing its assets to generate revenue.

Overall, a lower total asset turnover ratio may signal inefficiency in asset utilization or declining sales relative to the size of the asset base. It would be important for 3D Systems Corporation to analyze the reasons behind this decline in total asset turnover and take corrective actions to improve its asset efficiency and overall performance.