Gilead Sciences Inc (GILD)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,229,000 | 26,413,000 | 26,325,000 | 24,689,000 | 22,449,000 |
| Total assets | US$ in thousands | 62,125,000 | 63,171,000 | 67,952,000 | 68,407,000 | 61,627,000 |
| Total asset turnover | 0.42 | 0.42 | 0.39 | 0.36 | 0.36 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $26,229,000K ÷ $62,125,000K
= 0.42
The total asset turnover of Gilead Sciences, Inc. has shown an improving trend over the past five years, increasing from 0.36 in 2019 to 0.44 in 2023. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in asset utilization. A total asset turnover ratio of 0.44 in 2023 suggests that for every dollar of assets invested, the company generated $0.44 in revenue. This trend indicates a positive performance in utilizing assets to drive revenue generation. It is important for the company to continue monitoring and improving this ratio to ensure sustained efficiency and profitability in its operations.
Peer comparison
Dec 31, 2023