Krystal Biotech Inc (KRYS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 55,764 | 498 | — | — | — |
| Total assets | US$ in thousands | 818,355 | 558,450 | 626,295 | 310,844 | 209,023 |
| Total asset turnover | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $55,764K ÷ $818,355K
= 0.07
Krystal Biotech Inc's total asset turnover ratio has shown a significant improvement over the years. In 2023, the total asset turnover ratio increased to 0.07 from 0.00 in the previous year, indicating that the company generated $0.07 in revenue for every dollar of assets it possessed. This suggests that Krystal Biotech Inc is utilizing its assets more efficiently to generate sales in the most recent year compared to prior years where the ratio was significantly lower. The increase in total asset turnover signifies a better utilization of assets and could potentially indicate improved operational efficiency and effectiveness in generating revenue. It would be important for the company to sustain or further improve this ratio in the future to continue maximizing the productivity of its assets.
Peer comparison
Dec 31, 2023