Iridium Communications Inc (IRDM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 830,682 | 790,723 | 721,034 | 614,500 | 583,439 |
| Total assets | US$ in thousands | 2,671,470 | 2,661,780 | 2,954,010 | 3,180,800 | 3,360,950 |
| Total asset turnover | 0.31 | 0.30 | 0.24 | 0.19 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $830,682K ÷ $2,671,470K
= 0.31
Iridium Communications Inc's total asset turnover has shown a gradual improvement over the past five years, increasing from 0.17 in December 31, 2020, to 0.31 in December 31, 2024. This suggests that the company is becoming more efficient in generating sales revenue relative to its total assets. The upward trend indicates that Iridium Communications Inc has been able to utilize its assets more effectively to drive revenue growth. A total asset turnover ratio of 0.31 in December 31, 2024, means that for every dollar of total assets, the company generated $0.31 in sales revenue. This improvement in asset utilization efficiency is a positive indicator of the company's operational performance and management effectiveness in utilizing its assets to drive revenue generation.
Peer comparison
Dec 31, 2024