Glaukos Corp (GKOS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 378,263 | 301,165 | 266,924 | 278,319 | 211,679 |
| Total assets | US$ in thousands | 974,756 | 940,414 | 1,002,380 | 1,049,700 | 1,005,500 |
| Total asset turnover | 0.39 | 0.32 | 0.27 | 0.27 | 0.21 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $378,263K ÷ $974,756K
= 0.39
The total asset turnover for Glaukos Corp has shown a positive trend over the past five years, increasing from 0.21 in December 31, 2020, to 0.39 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which is a positive sign of efficiency in asset utilization. The gradual improvement in total asset turnover suggests that Glaukos Corp has been able to effectively manage its assets to generate sales, potentially indicating improved operational performance and productivity. Overall, the increasing trend in total asset turnover reflects positively on Glaukos Corp's ability to leverage its assets to generate sales and create shareholder value.
Peer comparison
Dec 31, 2024