Exelixis Inc (EXEL)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,830,210	1,611,060	1,434,970	987,538	967,775
Total assets	US$ in thousands	2,942,360	3,071,490	2,616,240	2,137,330	1,885,670
Total asset turnover		0.62	0.52	0.55	0.46	0.51

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,830,210K ÷ $2,942,360K
= 0.62

Exelixis Inc's total asset turnover ratio has shown variability over the past five years, ranging from 0.46 to 0.62. The ratio indicates that the company generates sales revenue in relation to its total assets. An increasing trend in total asset turnover suggests that the company is becoming more efficient in utilizing its assets to generate revenue. However, the fluctuation in the ratio implies some inconsistency in asset utilization efficiency over the years. Further analysis is required to determine the underlying factors contributing to these fluctuations and to evaluate the company's overall asset management efficiency.