Exelixis Inc (EXEL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,168,700 | 1,830,210 | 1,611,060 | 1,434,970 | 987,538 |
| Total assets | US$ in thousands | 2,947,690 | 2,942,360 | 3,071,490 | 2,616,240 | 2,137,330 |
| Total asset turnover | 0.74 | 0.62 | 0.52 | 0.55 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,168,700K ÷ $2,947,690K
= 0.74
Exelixis Inc's total asset turnover has exhibited variations over the past five years. The ratio increased from 0.46 in December 31, 2020, to 0.74 by December 31, 2024. This suggests the company has been utilizing its assets more efficiently to generate sales revenue. However, there was fluctuation in the intervening years, with a peak at 0.62 on December 31, 2023. Overall, the trend indicates a general improvement in asset utilization over the five-year period, which is a positive sign for the company's operational efficiency and effectiveness in generating sales from its invested assets.
Peer comparison
Dec 31, 2024