Dynavax Technologies Corporation (DVAX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 277,246 | 232,284 | 722,683 | 439,442 | 46,551 |
| Property, plant and equipment | US$ in thousands | — | — | 37,596 | 60,984 | 30,567 |
| Fixed asset turnover | — | — | 19.22 | 7.21 | 1.52 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $277,246K ÷ $—K
= —
The fixed asset turnover ratio for Dynavax Technologies Corporation has shown a significant increase over the years, reflecting an improvement in the company's efficiency in generating revenue from its fixed assets.
In December 31, 2020, the fixed asset turnover was reported at 1.52, indicating that the company generated $1.52 in sales for every dollar invested in fixed assets. This ratio saw a substantial rise to 7.21 by December 31, 2021, suggesting a notable improvement in asset utilization efficiency.
By December 31, 2022, the fixed asset turnover ratio further surged to 19.22, signaling a significant enhancement in the company's ability to generate sales from its fixed assets. This exceptional increase may imply that the company has optimized its asset management practices efficiently.
However, it is worth noting that data for December 31, 2023, and December 31, 2024 is unavailable (indicated by "---"), which reflects a potential limitation in the trend analysis of the fixed asset turnover ratio for the coming years.
Overall, the increasing trend in the fixed asset turnover ratio demonstrates Dynavax Technologies Corporation's improved efficiency in utilizing its fixed assets to generate sales, indicating a positive performance in asset management and operational effectiveness.
Peer comparison
Dec 31, 2024