Penumbra Inc (PEN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,194,620 | 1,058,520 | 847,133 | 747,590 | 560,412 |
| Total assets | US$ in thousands | 1,533,180 | 1,556,300 | 1,370,890 | 1,244,250 | 822,983 |
| Total asset turnover | 0.78 | 0.68 | 0.62 | 0.60 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,194,620K ÷ $1,533,180K
= 0.78
The total asset turnover ratio of Penumbra Inc has exhibited fluctuations over the period from December 31, 2020, to December 31, 2024. The ratio decreased from 0.68 in 2020 to 0.60 in 2021 before slightly improving to 0.62 in 2022. Subsequently, there was a recovery in asset utilization efficiency, as indicated by an increase in total asset turnover to 0.68 in 2023 and a further enhancement to 0.78 by the end of 2024.
The total asset turnover ratio measures the company's efficiency in generating sales revenue in relation to its total assets. The increasing trend in the ratio from 2021 to 2024 suggests that Penumbra Inc is becoming more effective at utilizing its assets to generate revenue. This improvement may be indicative of better operational performance, increased sales volume, or enhanced asset management strategies implemented by the company during this period.
It is important for investors and stakeholders to continue monitoring the total asset turnover ratio to assess the company's ongoing operational efficiency and productivity in utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2024