Dynavax Technologies Corporation (DVAX)

Fixed asset turnover

		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	Mar 31, 2019
Revenue (ttm)	US$ in thousands	235,106	361,342	458,602	655,854	722,936	738,615	680,155	468,445	435,169	253,029	160,810	117,382	44,851	38,749	28,039	29,074	23,999	18,747	13,521	11,072
Property, plant and equipment	US$ in thousands	37,297	36,183	37,442	38,159	37,596	35,352	36,286	36,407	35,020	34,251	32,547	30,696	30,567	30,379	30,476	30,897	32,022	31,461	34,393	25,305
Fixed asset turnover		6.30	9.99	12.25	17.19	19.23	20.89	18.74	12.87	12.43	7.39	4.94	3.82	1.47	1.28	0.92	0.94	0.75	0.60	0.39	0.44

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $235,106K ÷ $37,297K
= 6.30

Fixed asset turnover measures how efficiently a company is generating revenue from its fixed assets. It is calculated by dividing net sales by average fixed assets.

Dynavax Technologies Corp. has shown a fluctuating trend in fixed asset turnover over the past eight quarters. The metric ranged from 6.23 in Q4 2023 to a high of 20.74 in Q3 2022. This suggests that the company has been able to utilize its fixed assets more efficiently in some quarters compared to others.

A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, which is generally favorable. The steep increase from Q4 2022 to Q3 2022, followed by fluctuations in subsequent quarters, may indicate changes in operational efficiency or business strategies during these periods.

It is important for investors and analysts to delve deeper into the reasons behind the fluctuations in fixed asset turnover to understand the underlying factors driving the company's performance and to assess the sustainability of its efficiency in utilizing fixed assets.