Inspire Medical Systems Inc (INSP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 802,804 | 624,799 | 406,179 | 231,266 | 113,364 |
| Total assets | US$ in thousands | 808,383 | 676,811 | 564,876 | 295,084 | 281,189 |
| Total asset turnover | 0.99 | 0.92 | 0.72 | 0.78 | 0.40 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $802,804K ÷ $808,383K
= 0.99
The total asset turnover ratio of Inspire Medical Systems Inc has shown a steady improvement over the past five years, indicating the company's ability to generate more revenue relative to its total assets. The ratio increased from 0.40 in December 31, 2020, to 0.99 in December 31, 2024. This suggests that the company has become more efficient in utilizing its assets to generate sales. The rising trend in total asset turnover is a positive sign as it reflects improved operational efficiency and asset management within the organization. Investors and stakeholders may view this trend favorably as it demonstrates the company's ability to generate more sales with the same level of investment in assets.
Peer comparison
Dec 31, 2024