Glaukos Corp (GKOS)

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	373,901	353,962	331,942	313,252	303,223	293,554	286,692	278,963	272,731	274,744	281,666	290,488	292,910	292,904	283,025	236,490	222,935	215,550	208,628	235,970
Total assets	US$ in thousands	974,756	926,543	919,675	933,338	940,414	948,634	956,740	972,592	1,002,380	1,008,470	1,031,280	1,052,070	1,049,700	1,064,130	1,043,720	1,022,780	1,005,500	994,514	995,733	779,720
Total asset turnover		0.38	0.38	0.36	0.34	0.32	0.31	0.30	0.29	0.27	0.27	0.27	0.28	0.28	0.28	0.27	0.23	0.22	0.22	0.21	0.30

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $373,901K ÷ $974,756K
= 0.38

Total asset turnover measures how efficiently a company is using its assets to generate sales revenue. A higher turnover ratio indicates that the company is effectively utilizing its assets to generate revenue. Glaukos Corp's total asset turnover has shown a relatively stable trend over the past few years, ranging from 0.21 to 0.38.

The trend indicates that the company's efficiency in generating sales from its assets has improved gradually over time. However, the turnover ratio has fluctuated within a narrow range, suggesting consistent but not significant improvement in asset utilization.

It is important for Glaukos Corp to continue monitoring and potentially improving its total asset turnover ratio to ensure optimal utilization of assets and maximize revenue generation. Analyzing the factors contributing to fluctuations in the ratio can help the company make informed decisions to enhance operational efficiency and profitability.