Illumina Inc (ILMN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,372,000 | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 |
| Total assets | US$ in thousands | 6,303,000 | 10,111,000 | 12,252,000 | 15,217,000 | 7,585,000 |
| Total asset turnover | 0.69 | 0.45 | 0.37 | 0.30 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,372,000K ÷ $6,303,000K
= 0.69
Illumina Inc's total asset turnover has shown fluctuation over the past five years. The ratio decreased from 0.43 in December 31, 2020, to 0.30 in December 31, 2021. However, there was a slight improvement in the following year as it increased to 0.37 by December 31, 2022. Subsequently, there was a notable increase in total asset turnover to 0.45 by December 31, 2023, and a significant rise to 0.69 by December 31, 2024, indicating that the company is generating more revenue relative to its total assets in these years. This upward trend in total asset turnover could suggest more efficient utilization of the company's assets to generate sales revenue. However, additional analysis would be needed to fully understand the factors driving these changes in the ratio.
Peer comparison
Dec 31, 2024