Proto Labs Inc (PRLB)
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 | 500,890 | 504,188 | 509,274 | 505,908 | 503,877 | 494,436 | 485,452 | 490,089 | 488,398 | 496,373 | 499,994 | 496,140 | 488,098 | 469,724 | 451,886 | 435,413 | 434,395 | 441,076 | 451,027 | 460,384 |
| Total assets | US$ in thousands | 743,512 | 753,786 | 758,206 | 769,803 | 795,632 | 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 |
| Total asset turnover | 0.67 | 0.67 | 0.67 | 0.66 | 0.63 | 0.63 | 0.62 | 0.62 | 0.61 | 0.55 | 0.54 | 0.53 | 0.53 | 0.50 | 0.48 | 0.47 | 0.58 | 0.61 | 0.65 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $500,890K ÷ $743,512K
= 0.67
Proto Labs Inc's total asset turnover has been relatively stable over the past few years, ranging from 0.47 to 0.67. This ratio indicates that for every dollar of total assets the company holds, it generates between 0.47 and 0.67 dollars in revenue. A lower total asset turnover may suggest that the company is not effectively utilizing its assets to generate sales, while a higher ratio typically indicates better asset management efficiency. Proto Labs Inc's total asset turnover has shown some fluctuations but has generally remained within a moderate range, implying a reasonable level of asset utilization efficiency.
Peer comparison
Dec 31, 2024