Insulet Corporation (PODD)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	1,069,800	1,016,800	968,800	904,400	835,100	788,794	743,088	704,628	660,135	628,071	575,549
Total assets	US$ in thousands	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	1,142,900	1,268,390	977,723	952,612
Total asset turnover		0.66	0.63	0.61	0.60	0.58	0.57	0.56	0.55	0.54	0.54	0.53	0.53	0.48	0.49	0.48	0.67	0.62	0.52	0.64	0.60

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,697,100K ÷ $2,588,200K
= 0.66

Insulet Corporation's total asset turnover ratio has shown a generally increasing trend over the past eight quarters, reflecting the company's ability to generate sales relative to its total assets. The ratio has improved from 0.55 in Q1 2022 to 0.66 in Q4 2023, indicating a more efficient use of assets to generate revenue over time.

A total asset turnover ratio of less than 1 suggests that the company is not generating as much revenue relative to its total assets. However, the increasing trend indicates that Insulet Corporation has been improving its efficiency in utilizing its assets to generate sales.

It is important for investors and analysts to monitor this ratio over time to assess the company's operational efficiency and its ability to generate revenue from its asset base. Overall, the increasing total asset turnover ratio reflects positively on Insulet Corporation's operational efficiency and asset management.