Inari Medical Inc (NARI)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	493,364	469,933	439,579	413,142	382,874	346,212	335,938	306,140	276,785	257,782	209,685	171,036
Total assets	US$ in thousands	674,235	548,835	524,968	506,534	504,152	487,819	484,262	484,109	311,542	292,427	253,559	234,577	214,092	205,811	224,354
Total asset turnover		0.73	0.86	0.84	0.82	0.76	0.71	0.69	0.63	0.89	0.88	0.83	0.73

December 31, 2023 calculation

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

Total asset turnover is a key efficiency ratio that measures a company's ability to generate revenue from its total assets. In the case of Inari Medical Inc, the total asset turnover ratio has shown a fluctuating trend over the past eight quarters.

The ratio has ranged from a low of 0.63 in Q1 2022 to a high of 0.86 in Q3 2023. This indicates that the company generated $0.63 to $0.86 in revenue for every dollar of total assets invested during these respective quarters.

Overall, Inari Medical Inc's total asset turnover has generally improved over the quarters, with a gradual increase from 0.63 in Q1 2022 to 0.86 in Q3 2023. This suggests that the company has been becoming more efficient in utilizing its assets to generate sales revenue. However, it is important to monitor this metric continuously to ensure sustained efficiency and profitability in the long run.