Dynavax Technologies Corporation (DVAX)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	235,104	722,936	435,169	42,046	20,843
Property, plant and equipment	US$ in thousands	37,297	37,596	35,020	30,567	32,022
Fixed asset turnover		6.30	19.23	12.43	1.38	0.65

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $235,104K ÷ $37,297K
= 6.30

The fixed asset turnover ratio of Dynavax Technologies Corp. has shown significant fluctuations over the past five years, indicating varying efficiency in generating sales from its fixed assets.

In 2023, the fixed asset turnover ratio stands at 6.23, signaling that the company generated $6.23 in sales for every $1 of fixed assets invested. This represents a notable decrease from the exceptionally high ratio of 19.22 in 2022, suggesting a potential decline in the company's ability to efficiently utilize its fixed assets to drive revenue.

The 2023 ratio is still higher than the 2021 figure of 12.55, indicating improved efficiency in utilizing fixed assets compared to two years ago. However, compared to the lower ratios of 2020 (1.52) and 2019 (1.10), Dynavax Technologies Corp. has made significant strides in optimizing its fixed asset utilization to generate sales over the past couple of years.

Overall, the fluctuating trend in the fixed asset turnover ratio suggests that Dynavax Technologies Corp. has experienced varying levels of efficiency in leveraging its fixed assets to drive revenue during the period under review. Further analysis of the underlying reasons for these fluctuations would be necessary to assess the company's operational performance and strategic decisions accurately.