Inari Medical Inc (NARI)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	493,364	383,471	276,984	139,670
Total assets	US$ in thousands	674,235	504,152	311,542	214,092
Total asset turnover		0.73	0.76	0.89	0.65

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $493,364K ÷ $674,235K
= 0.73

Inari Medical Inc's total asset turnover has shown a declining trend from 0.65 in 2020 to 0.73 in 2023. This indicates that the company is generating $0.73 in revenue for every $1 of total assets in 2023, compared to $0.65 in 2020. The decrease in total asset turnover over the years suggests that the company may be becoming less efficient in generating sales from its total assets. Investors and analysts may want to further investigate the reasons behind this trend to assess the company's operational efficiency and potential impact on its financial performance.