Incyte Corporation (INCY)
Total asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,209,569 | 3,949,271 | 3,765,356 | 3,693,101 | 3,609,260 | 3,513,520 | 3,470,962 | 3,395,993 | 3,330,147 | 3,320,472 | 3,114,784 | 2,986,267 | 2,912,923 | 2,720,579 | 2,702,913 | 2,666,702 | 2,456,582 | 2,387,520 | 2,229,409 | 2,158,759 |
| Total assets | US$ in thousands | 5,444,320 | 5,012,430 | 7,135,600 | 6,782,110 | 6,388,240 | 6,208,260 | 5,797,620 | 5,840,980 | 5,510,210 | 5,319,040 | 5,054,220 | 4,933,350 | 4,198,830 | 3,904,620 | 3,661,440 | 3,560,920 | 3,307,430 | 3,212,320 | 2,752,420 | 3,426,750 |
| Total asset turnover | 0.77 | 0.79 | 0.53 | 0.54 | 0.56 | 0.57 | 0.60 | 0.58 | 0.60 | 0.62 | 0.62 | 0.61 | 0.69 | 0.70 | 0.74 | 0.75 | 0.74 | 0.74 | 0.81 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,209,569K ÷ $5,444,320K
= 0.77
Total asset turnover is a key financial ratio that provides insights into how efficiently a company is utilizing its assets to generate revenue. For Incyte Corporation, the total asset turnover has fluctuated over the years, indicating changes in asset utilization efficiency.
From December 31, 2019, to December 31, 2023, the total asset turnover declined gradually from 0.63 to 0.54. This could suggest declining efficiency in utilizing assets to generate sales during this period.
However, there was a slight improvement in total asset turnover to 0.53 by March 31, 2024. This improvement might indicate a better efficiency in asset utilization during that quarter.
Interestingly, there was a significant spike in total asset turnover to 0.79 by September 30, 2024, and a subsequent slight decrease to 0.77 by December 31, 2024. This sudden increase followed by a slight decrease could indicate a temporary improvement in asset utilization efficiency, possibly due to specific business strategies or operational changes during those quarters.
Overall, fluctuations in total asset turnover for Incyte Corporation reflect variations in how effectively the company is converting its assets into revenue, highlighting the importance of continuously monitoring and analyzing this ratio to assess operational efficiency and performance.
Peer comparison
Dec 31, 2024