Inspire Medical Systems Inc (INSP)

Total asset turnover

		Sep 30, 2024	Jun 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	755,594	705,705	660,912	624,799	570,191	525,421	465,221	406,179	346,139	298,755	260,292	231,266	199,415	173,576	132,804	113,797	94,694	80,247	86,622	82,050
Total assets	US$ in thousands	796,194	728,389	685,842	676,811	639,494	618,246	571,847	564,876	527,523	292,002	289,720	295,084	278,894	272,208	273,413	281,189	271,784	271,308	165,736	181,253
Total asset turnover		0.95	0.97	0.96	0.92	0.89	0.85	0.81	0.72	0.66	1.02	0.90	0.78	0.72	0.64	0.49	0.40	0.35	0.30	0.52	0.45

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $755,594K ÷ $796,194K
= 0.95

Total asset turnover measures the efficiency of a company in generating revenue from its assets. Inspire Medical Systems Inc's total asset turnover has fluctuated over the past several quarters, ranging from 0.30 to 1.02. A higher total asset turnover indicates that the company is better at utilizing its assets to generate revenue.

From December 2021 to September 2022, the total asset turnover steadily increased from 0.78 to 1.02, reflecting improved efficiency in asset utilization during that period. However, it then decreased to 0.66 by the end of September 2022. This was followed by a varying pattern of fluctuations, with the ratio ranging between 0.49 and 0.97.

The latest data point of 0.95 for September 2024 suggests a moderate level of efficiency in generating revenue from assets. Investors and stakeholders may monitor future trends in total asset turnover to assess Inspire Medical Systems Inc's ongoing efficiency in managing its assets to drive revenue growth.