Proto Labs Inc (PRLB)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 500,890 | 503,877 | 488,398 | 488,098 | 434,395 |
| Total assets | US$ in thousands | 743,512 | 772,353 | 802,168 | 928,582 | 744,204 |
| Total asset turnover | 0.67 | 0.65 | 0.61 | 0.53 | 0.58 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $500,890K ÷ $743,512K
= 0.67
Proto Labs Inc's total asset turnover has shown some fluctuations over the years. The ratio declined from 0.58 in December 31, 2020, to 0.53 in December 31, 2021. However, there has been a positive trend since then, with the ratio increasing to 0.61 in December 31, 2022, further improving to 0.65 in December 31, 2023, and reaching 0.67 by December 31, 2024.
This indicates that the company is generating more revenue relative to its total assets in recent years, suggesting efficient utilization of assets to generate sales. A higher total asset turnover ratio generally reflects better operational efficiency and asset utilization. Overall, the increasing trend in total asset turnover is a positive indicator of Proto Labs Inc's operational performance and efficiency.
Peer comparison
Dec 31, 2024