Inspire Medical Systems Inc (INSP)

Total asset turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	802,804	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
Total assets	US$ in thousands	808,383	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
Total asset turnover		0.99	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $802,804K ÷ $808,383K
= 0.99

Inspire Medical Systems Inc's total asset turnover has shown varying trends over the past few years. The ratio has increased steadily from 0.52 in March 31, 2020, reaching a peak of 1.02 in June 30, 2022, before slightly decreasing in the following quarters. Overall, the company's total asset turnover has generally been trending upwards, indicating an improvement in its efficiency in generating sales revenue relative to its total assets. This upward trend suggests that the company has been utilizing its assets more effectively to drive revenue growth, which is a positive sign for potential investors and stakeholders. However, the slight fluctuations in the ratio in some quarters may require further analysis to determine the underlying factors influencing these changes.