Penumbra Inc (PEN)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	1,194,615	1,163,776	1,133,683	1,095,779	1,058,522	995,059	937,791	884,636	847,133	829,928	806,367	782,281	747,590	710,477	671,436	592,287	560,412	538,777	527,203	556,295
Total assets	US$ in thousands	1,533,180	1,479,120	1,534,560	1,579,840	1,556,300	1,468,380	1,432,530	1,395,300	1,370,890	1,321,600	1,327,900	1,301,570	1,244,250	973,241	910,218	840,824	822,983	810,303	780,200	664,240
Total asset turnover		0.78	0.79	0.74	0.69	0.68	0.68	0.65	0.63	0.62	0.63	0.61	0.60	0.60	0.73	0.74	0.70	0.68	0.66	0.68	0.84

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,194,615K ÷ $1,533,180K
= 0.78

Penumbra Inc's total asset turnover has fluctuated over the past few years, ranging from 0.60 to 0.79. The total asset turnover measures the efficiency with which the company utilizes its assets to generate sales. A higher total asset turnover indicates that the company is more efficient in generating sales revenue from its assets.

In the case of Penumbra Inc, the total asset turnover has generally been low, hovering around the range of 0.60 to 0.79. This suggests that the company may not be effectively utilizing its assets to generate sales. It is important for the company to closely monitor its asset management and sales generation strategies to improve the efficiency of asset utilization and potentially increase the total asset turnover ratio.