Exelixis Inc (EXEL)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,168,701	2,081,598	2,013,976	1,846,646	1,830,208	1,774,473	1,714,291	1,663,870	1,611,062	1,638,285	1,554,970	1,520,720	1,434,970	1,253,882	1,156,551	1,030,853	987,538	957,796	998,407	979,203
Total assets	US$ in thousands	2,947,690	2,960,280	2,773,120	2,803,750	2,942,360	2,976,910	3,142,470	3,143,360	3,071,490	2,961,370	2,881,400	2,654,120	2,616,240	2,447,740	2,367,270	2,190,540	2,137,330	2,111,040	2,046,550	1,955,600
Total asset turnover		0.74	0.70	0.73	0.66	0.62	0.60	0.55	0.53	0.52	0.55	0.54	0.57	0.55	0.51	0.49	0.47	0.46	0.45	0.49	0.50

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,168,701K ÷ $2,947,690K
= 0.74

Exelixis Inc's total asset turnover ratio has shown fluctuations over the periods under review. The ratio was 0.50 as of March 31, 2020, and gradually decreased to 0.45 by September 30, 2020, indicating a reduction in the efficiency of assets in generating revenue during that period. However, there was a slight improvement in the ratio to 0.47 by March 31, 2021, followed by further increases reaching 0.55 by December 31, 2021.

Subsequently, the total asset turnover ratio continued to improve, reaching its peak at 0.74 by December 31, 2024. This signifies that the company's efficiency in utilizing its assets to generate revenue improved significantly during this period.

Overall, the trend in Exelixis Inc's total asset turnover ratio shows initial fluctuations followed by a consistent upward trajectory, indicating better asset utilization efficiency and potentially improved revenue generation capabilities over the years.