Insulet Corporation (PODD)

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	1,900,300	1,812,600	1,872,700	1,780,700	1,697,100	1,557,000	1,465,100	1,368,000	1,305,300	1,243,300	1,178,100	1,141,900	1,098,800	1,037,200	995,600	958,700	904,400	867,700	825,815	776,651
Total assets	US$ in thousands	3,087,700	3,025,400	2,881,600	2,624,000	2,588,200	2,467,700	2,385,800	2,289,100	2,251,100	2,166,200	2,113,700	2,069,200	2,048,800	1,998,900	1,923,700	1,840,100	1,872,900	1,710,600	1,626,700	1,108,200
Total asset turnover		0.62	0.60	0.65	0.68	0.66	0.63	0.61	0.60	0.58	0.57	0.56	0.55	0.54	0.52	0.52	0.52	0.48	0.51	0.51	0.70

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,900,300K ÷ $3,087,700K
= 0.62

Insulet Corporation's total asset turnover has exhibited some fluctuations over the period under review. The metric decreased from 0.70 as of March 31, 2020, to 0.48 as of December 31, 2020, indicating a decline in the company's efficiency in generating sales from its total assets during that time frame.

Subsequently, there was a slight improvement in total asset turnover throughout 2021 and 2022, with the ratio ranging between 0.52 to 0.58 by December 31, 2022. This upward trend suggests a better utilization of assets to generate revenue.

However, there was a slight decline in total asset turnover to 0.62 as of December 31, 2024, after peaking at 0.68 on March 31, 2024. This fluctuation may raise concerns about the company's ability to effectively utilize its total assets to drive sales.

Overall, while there have been fluctuations, Insulet Corporation's total asset turnover generally shows a trend of improvement in asset efficiency over the years, albeit with some variability in performance. It is important for the company to continue monitoring and optimizing its asset utilization to maintain or enhance its revenue generation capabilities.