Moderna Inc (MRNA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,236,000 | 6,848,000 | 19,263,000 | 17,736,000 | 274,490 |
| Total assets | US$ in thousands | 14,142,000 | 18,426,000 | 25,858,000 | 24,669,000 | 7,337,000 |
| Total asset turnover | 0.23 | 0.37 | 0.74 | 0.72 | 0.04 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,236,000K ÷ $14,142,000K
= 0.23
The total asset turnover ratio for Moderna Inc has shown significant fluctuations over the years. In 2020, the ratio was particularly low at 0.04, indicating that the company generated only $0.04 in revenue for every $1 of total assets. The following year, there was a substantial increase to 0.72, suggesting that the company improved its efficiency in utilizing its assets to generate revenue.
In 2022 and 2023, the total asset turnover ratio remained relatively stable at around 0.74 and 0.37, respectively. However, by the end of 2024, there was a noticeable decline to 0.23, indicating a decrease in the company's ability to generate revenue from its total assets.
Overall, the total asset turnover ratio for Moderna Inc has shown variability, highlighting the importance of monitoring how efficiently the company is utilizing its assets to drive revenue generation.
Peer comparison
Dec 31, 2024