DexCom Inc (DXCM)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	4,033,000	3,622,300	2,909,800	2,448,500	1,926,700
Total assets	US$ in thousands	6,484,500	6,264,500	5,391,700	4,863,600	4,290,500
Total asset turnover		0.62	0.58	0.54	0.50	0.45

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $4,033,000K ÷ $6,484,500K
= 0.62

The total asset turnover of DexCom Inc has shown a steady improvement over the past five years. From 0.45 in December 31, 2020, it increased to 0.50 in December 31, 2021, and continued to rise to 0.54 in December 31, 2022, 0.58 in December 31, 2023, and 0.62 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets each year, reflecting increased efficiency in asset utilization. A higher total asset turnover ratio signifies that DexCom Inc is effectively managing its assets to generate sales, which could be indicative of operational effectiveness and potentially improved financial performance.