Dynavax Technologies Corporation (DVAX)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	277,247	260,811	249,695	236,149	232,284	361,180	459,401	655,616	722,683	733,261	673,796	470,099	439,442	263,922	169,066	118,967	46,551	37,571	34,732	40,365
Property, plant and equipment	US$ in thousands	—	—	—	—	—	61,132	62,808	38,159	37,596	35,352	36,286	36,407	60,984	34,251	57,711	30,696	30,567	30,379	30,476	30,897
Fixed asset turnover		—	—	—	—	—	5.91	7.31	17.18	19.22	20.74	18.57	12.91	7.21	7.71	2.93	3.88	1.52	1.24	1.14	1.31

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $277,247K ÷ $—K
= —

The fixed asset turnover ratio is used to measure a company's efficiency in generating sales from its investment in fixed assets.

In the case of Dynavax Technologies Corporation, the fixed asset turnover ratio has shown a fluctuating trend over the past few years. From March 31, 2020, to June 30, 2021, the ratio ranged between 1.14 and 3.88, indicating some volatility in how efficiently the company was utilizing its fixed assets to generate revenue.

However, from September 30, 2021, to June 30, 2022, there was a significant improvement in the fixed asset turnover ratio, which surged from 7.71 to 18.57. This sharp increase suggests that Dynavax was able to substantially increase its sales relative to its investment in fixed assets during this period.

Subsequently, the ratio continued to rise and peaked at 20.74 on September 30, 2022, indicating a very high level of efficiency in utilizing fixed assets to generate revenue. However, there was a gradual decline in the ratio from December 31, 2022, to June 30, 2023, which could indicate a potential decrease in sales relative to fixed asset investments.

On a cautionary note, it's important to interpret the fixed asset turnover ratio in conjunction with other financial metrics and factors affecting the company's operations to gain a comprehensive understanding of Dynavax Technologies Corporation's operational efficiency and financial performance.