DexCom Inc (DXCM)
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 | 3,603,200 | 3,380,700 | 3,175,600 | 3,001,700 | 2,889,200 | 2,740,300 | 2,599,600 | 2,478,000 | 2,333,800 | 2,206,500 | 2,058,200 | 1,914,400 | 1,823,900 | 1,754,600 | 1,659,800 | 1,555,100 | 1,426,800 | 1,302,000 | 1,187,500 | 1,108,600 |
Total assets | US$ in thousands | 6,264,500 | 6,596,200 | 6,820,700 | 5,515,900 | 5,391,700 | 4,899,200 | 5,217,400 | 5,057,000 | 4,933,300 | 4,775,900 | 4,503,800 | 4,389,800 | 4,290,500 | 3,833,200 | 3,521,800 | 2,447,900 | 2,395,000 | 2,185,700 | 2,065,900 | 1,974,000 |
Total asset turnover | 0.58 | 0.51 | 0.47 | 0.54 | 0.54 | 0.56 | 0.50 | 0.49 | 0.47 | 0.46 | 0.46 | 0.44 | 0.43 | 0.46 | 0.47 | 0.64 | 0.60 | 0.60 | 0.57 | 0.56 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,603,200K ÷ $6,264,500K
= 0.58
Dexcom Inc's total asset turnover ratio has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.47 in Q2 2023 to a high of 0.58 in Q4 2023. Generally, a higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
The trend in Dexcom's total asset turnover ratio appears to be slightly unstable, with some quarters performing better than others. It is important for the company to analyze the factors affecting this ratio, such as sales growth, asset utilization efficiency, and operational effectiveness. By identifying areas for improvement, Dexcom can work towards optimizing its asset turnover and potentially enhancing its overall financial performance.
Peer comparison
Dec 31, 2023