Gilead Sciences Inc (GILD)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 26,229,000 | 26,516,000 | 26,520,000 | 26,161,000 | 26,413,000 | 26,256,000 | 26,613,000 | 26,496,000 | 26,325,000 | 26,743,000 | 26,144,000 | 25,341,000 | 24,689,000 | 23,147,000 | 22,174,000 | 22,716,000 | 22,449,000 | 22,365,000 | 22,357,000 | 22,320,000 |
| Total assets | US$ in thousands | 62,125,000 | 62,373,000 | 62,337,000 | 61,876,000 | 63,171,000 | 62,557,000 | 62,870,000 | 63,080,000 | 67,952,000 | 67,098,000 | 67,984,000 | 67,492,000 | 68,407,000 | 60,878,000 | 55,934,000 | 59,741,000 | 61,627,000 | 59,146,000 | 63,210,000 | 62,837,000 |
| Total asset turnover | 0.42 | 0.43 | 0.43 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.39 | 0.40 | 0.38 | 0.38 | 0.36 | 0.38 | 0.40 | 0.38 | 0.36 | 0.38 | 0.35 | 0.36 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $26,229,000K ÷ $62,125,000K
= 0.42
The total asset turnover ratio for Gilead Sciences, Inc. has remained fairly consistent over the past eight quarters, hovering around 0.44. This ratio indicates that Gilead Sciences generates approximately $0.44 in revenue for every $1 of total assets it holds. A stable total asset turnover ratio suggests that the company is effectively utilizing its assets to generate sales. It is important to note that while the total asset turnover ratio provides insights into the company's asset management efficiency, it should be analyzed in conjunction with other financial ratios and qualitative factors to gain a holistic view of Gilead Sciences' performance and financial health.
Peer comparison
Dec 31, 2023