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


See also:

DexCom Inc Total Asset Turnover (Quarterly Data)