Illumina Inc (ILMN)
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 | 4,504,000 | 4,465,000 | 4,461,000 | 4,447,000 | 4,583,000 | 4,699,000 | 4,692,000 | 4,656,000 | 4,526,000 | 4,280,000 | 3,966,000 | 3,473,000 | 3,239,000 | 3,238,000 | 3,351,000 | 3,556,000 | 3,543,000 | 3,458,000 | 3,404,000 | 3,396,000 |
| Total assets | US$ in thousands | 10,111,000 | 10,122,000 | 11,774,000 | 11,811,000 | 12,252,000 | 11,256,000 | 15,448,000 | 15,274,000 | 15,217,000 | 15,063,000 | 8,675,000 | 8,755,000 | 7,585,000 | 7,404,000 | 7,248,000 | 7,261,000 | 7,316,000 | 7,089,000 | 6,973,000 | 7,390,000 |
| Total asset turnover | 0.45 | 0.44 | 0.38 | 0.38 | 0.37 | 0.42 | 0.30 | 0.30 | 0.30 | 0.28 | 0.46 | 0.40 | 0.43 | 0.44 | 0.46 | 0.49 | 0.48 | 0.49 | 0.49 | 0.46 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,504,000K ÷ $10,111,000K
= 0.45
Total asset turnover measures the efficiency with which a company generates sales revenue relative to its total assets. A higher ratio indicates that the company is utilizing its assets more effectively to generate sales.
Illumina Inc's total asset turnover has shown variability over the past eight quarters, ranging from 0.30 to 0.45. In Q4 2023, the total asset turnover increased to 0.45 from 0.44 in the previous quarter, indicating a more efficient use of assets to generate sales revenue.
Although there has been some fluctuation in the ratio over the quarters, it has generally trended upwards from the low point of 0.30 in Q2 2022. This increasing trend suggests that Illumina Inc has been improving its asset utilization efficiency over time, which is a positive sign for investors and indicates potential operational improvements within the company.
Overall, Illumina Inc's total asset turnover ratio indicates that the company is effectively generating sales revenue relative to its total assets, and the improving trend shows a positive trajectory in asset utilization efficiency.
Peer comparison
Dec 31, 2023