Innoviva Inc (INVA)

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	365,623	363,089	340,840	318,478	313,895	290,426	290,424	317,652	331,339	373,216	403,821	396,407	391,866	374,662	365,494	343,634	336,794	322,289	299,350	284,511
Total assets	US$ in thousands	1,301,060	1,231,610	1,224,920	1,267,610	1,243,510	1,188,100	1,118,240	1,129,770	1,231,500	1,327,710	1,137,640	1,107,470	926,395	887,239	789,150	1,088,290	999,570	922,256	879,619	788,011
Total asset turnover		0.28	0.29	0.28	0.25	0.25	0.24	0.26	0.28	0.27	0.28	0.35	0.36	0.42	0.42	0.46	0.32	0.34	0.35	0.34	0.36

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $365,623K ÷ $1,301,060K
= 0.28

Total asset turnover is a financial ratio that measures a company's ability to generate sales or revenue from its assets. A higher total asset turnover indicates that a company is able to efficiently utilize its assets to generate revenue.

Based on the data provided for Innoviva Inc, the total asset turnover ratio has fluctuated over the past few years. In the most recent period, December 31, 2024, the total asset turnover ratio was 0.28, indicating that the company generated 28 cents in revenue for every dollar of assets.

Overall, it can be observed that Innoviva Inc's total asset turnover ratio has shown some variability, ranging from a low of 0.24 to a high of 0.46 over the reported periods. This suggests that the company's efficiency in utilizing its assets to generate sales has fluctuated, and further analysis would be needed to understand the factors driving these changes and to assess the impact on the company's overall performance.