Insulet Corporation (PODD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,071,600 | 1,697,100 | 1,305,300 | 1,098,800 | 904,400 |
| Total assets | US$ in thousands | 3,087,700 | 2,588,200 | 2,251,100 | 2,048,800 | 1,872,900 |
| Total asset turnover | 0.67 | 0.66 | 0.58 | 0.54 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,071,600K ÷ $3,087,700K
= 0.67
Insulet Corporation's total asset turnover has shown a consistent upward trend over the analyzed period, increasing from 0.48 in December 2020 to 0.67 by December 2024. This indicates that the company has improved its efficiency in generating sales revenue from its total assets. The rising total asset turnover ratio suggests that management has been successful in utilizing the company's assets more effectively to drive sales. This improvement may be attributed to better inventory management, operational efficiency, or an increase in sales volume. Overall, the increasing trend in total asset turnover reflects positively on Insulet Corporation’s ability to generate revenue relative to its asset base.
Peer comparison
Dec 31, 2024