Proto Labs Inc (PRLB)
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 | 502,822 | 494,378 | 485,394 | 490,031 | 488,340 | 495,725 | 499,346 | 495,492 | 487,616 | 469,888 | 452,050 | 435,577 | 434,393 | 441,076 | 451,027 | 460,384 | 458,728 | 459,608 | 457,583 | 451,303 |
| Total assets | US$ in thousands | 772,353 | 784,245 | 777,210 | 791,373 | 802,168 | 906,938 | 918,649 | 934,751 | 928,582 | 930,311 | 949,290 | 934,448 | 744,204 | 726,126 | 698,445 | 678,090 | 673,667 | 654,899 | 645,527 | 618,596 |
| Total asset turnover | 0.65 | 0.63 | 0.62 | 0.62 | 0.61 | 0.55 | 0.54 | 0.53 | 0.53 | 0.51 | 0.48 | 0.47 | 0.58 | 0.61 | 0.65 | 0.68 | 0.68 | 0.70 | 0.71 | 0.73 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $502,822K ÷ $772,353K
= 0.65
Proto Labs Inc's total asset turnover has shown a relatively stable performance over the past eight quarters, ranging from 0.53 to 0.65. Total asset turnover measures the efficiency of a company in generating revenue from its assets. A higher ratio indicates that the company is able to generate more revenue per dollar of assets.
Proto Labs' total asset turnover has been trending upwards from 0.53 in Q1 2022 to 0.65 in Q4 2023, which is a positive sign of improving efficiency in asset utilization. This indicates that the company has been increasingly efficient in utilizing its assets to generate revenue over the recent quarters.
The average total asset turnover for Proto Labs Inc over this period is around 0.6, suggesting that, on average, the company generates $0.60 of revenue for every dollar of assets it holds. Overall, the upward trend in total asset turnover indicates that Proto Labs Inc has been improving its operational efficiency in using its assets effectively to drive revenue growth.
Peer comparison
Dec 31, 2023