Fulgent Genetics Inc (FLGT)
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 | 283,470 | 277,761 | 290,705 | 287,530 | 289,213 | 286,412 | 307,380 | 364,868 | 618,968 | 802,935 | 925,148 | 953,423 | 992,584 | 1,035,891 | 909,739 | 773,388 | 421,712 | 135,121 | 43,752 | 34,911 |
Total assets | US$ in thousands | 1,219,960 | 1,233,760 | 1,232,240 | 1,229,880 | 1,273,110 | 1,358,400 | 1,354,580 | 1,376,770 | 1,386,050 | 1,405,780 | 1,461,660 | 1,465,590 | 1,278,720 | 1,204,670 | 1,049,860 | 999,083 | 700,461 | 247,311 | 95,915 | 89,325 |
Total asset turnover | 0.23 | 0.23 | 0.24 | 0.23 | 0.23 | 0.21 | 0.23 | 0.27 | 0.45 | 0.57 | 0.63 | 0.65 | 0.78 | 0.86 | 0.87 | 0.77 | 0.60 | 0.55 | 0.46 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $283,470K ÷ $1,219,960K
= 0.23
Total asset turnover is a financial ratio that measures the efficiency with which a company generates revenue from its assets. For Fulgent Genetics Inc, the total asset turnover has fluctuated over the years, indicating varying levels of asset utilization.
In the past five years, the trend shows an increase in total asset turnover from 0.39 on March 31, 2020, to a peak of 0.87 on June 30, 2021. This indicates a positive trend in generating sales revenue relative to the size of the company's asset base.
However, from September 30, 2021, the total asset turnover ratio started to decrease, reaching 0.23 by September 30, 2024. This decline suggests a decrease in the efficiency of utilizing assets to generate revenue.
Overall, the total asset turnover ratio for Fulgent Genetics Inc demonstrates fluctuations over the years, implying changes in asset management efficiency and revenue generation capabilities. Further analysis of the company's operational and financial strategies may be necessary to understand the factors driving these fluctuations in asset turnover.
Peer comparison
Dec 31, 2024