Dynavax Technologies Corporation (DVAX)

Total 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
Total assets	US$ in thousands	997,096	972,933	936,432	969,922	985,850	999,337	1,023,000	1,008,980	1,039,250	919,711	647,909	490,119	353,272	353,395	329,314	259,256	279,068	301,015	267,081	296,600
Total asset turnover		0.24	0.37	0.49	0.68	0.73	0.74	0.66	0.46	0.42	0.28	0.25	0.24	0.13	0.11	0.09	0.11	0.09	0.06	0.05	0.04

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $235,106K ÷ $997,096K
= 0.24

Total asset turnover measures the efficiency with which a company utilizes its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.

In the case of Dynavax Technologies Corp., the total asset turnover has experienced some fluctuations over the past eight quarters. The ratio ranged from a low of 0.23 in Q4 2023 to a high of 0.73 in both Q4 2022 and Q3 2022.

The trend shows that total asset turnover increased from Q4 2023 to Q1 2023, reaching a peak of 0.68. Subsequently, there was a decline in Q2 and Q3 2023 before rebounding slightly in Q4 2023.

Overall, the total asset turnover for Dynavax Technologies Corp. demonstrates variability in the company's ability to generate revenue from its assets. Further analysis of the company's operational efficiency and asset management practices could provide insights into the factors driving these fluctuations in the total asset turnover ratio.