Insulet Corporation (PODD)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,697,100 | 1,305,300 | 1,098,800 | 904,400 | 695,500 |
| Total assets | US$ in thousands | 2,588,200 | 2,251,100 | 2,048,800 | 1,872,900 | 1,142,900 |
| Total asset turnover | 0.66 | 0.58 | 0.54 | 0.48 | 0.61 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,697,100K ÷ $2,588,200K
= 0.66
The total asset turnover ratio for Insulet Corporation has fluctuated over the past five years. In 2023, the ratio stood at 0.66, indicating that the company generated $0.66 in revenue for every dollar of assets it held. This represents an improvement compared to the previous year, where the ratio was 0.58.
The trend over the five-year period shows a generally positive trajectory, with fluctuations in between. The company has been able to efficiently utilize its assets to generate revenue, with the ratio peaking in 2020 at 0.65 and reaching its lowest point in 2021 at 0.54. Overall, the increasing trend in total asset turnover suggests that Insulet Corporation has been effectively managing its assets to drive revenue growth.
Peer comparison
Dec 31, 2023