Glaukos Corp (GKOS)

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	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	236,597	224,824	210,423	192,784
Total assets	US$ in thousands	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	818,400	307,436	302,085	228,035
Total asset turnover		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	0.29	0.73	0.70	0.85

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $303,223K ÷ $940,414K
= 0.32

The total asset turnover of Glaukos Corporation has shown a consistent trend of improvement over the past eight quarters. The company's total asset turnover ratio has been steadily increasing, from 0.28 in Q1 2022 to 0.33 in Q4 2023. This suggests that Glaukos has been generating more revenue relative to its total assets, indicating more efficient asset utilization.

A higher total asset turnover ratio indicates that the company is effectively using its assets to generate sales. This could be attributed to factors such as effective inventory management, efficient use of fixed assets, and successful sales and marketing strategies.

Overall, the increasing trend in Glaukos' total asset turnover reflects positively on the company's operational efficiency and ability to generate revenue from its asset base. It also indicates potential improvements in profitability and return on investment for the company.