Repligen Corporation (RGEN)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	634,439	638,764	801,536	670,534	366,260
Total assets	US$ in thousands	2,829,670	2,824,410	2,524,660	2,358,350	1,902,890
Total asset turnover		0.22	0.23	0.32	0.28	0.19

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $634,439K ÷ $2,829,670K
= 0.22

Repligen Corporation's total asset turnover has shown fluctuations over the past five years. The ratio increased from 0.19 in December 31, 2020, to 0.32 in December 31, 2022, indicating that the company generated $0.32 in revenue for every dollar of assets invested during that year. However, in the subsequent years, the total asset turnover decreased to 0.23 in December 31, 2023, and further dipped to 0.22 in December 31, 2024. This decline suggests that Repligen Corporation may be less efficient in utilizing its assets to generate revenue, possibly due to changes in the business environment or operational inefficiencies. Further analysis of the company's operations and asset management strategies is recommended to understand the factors driving these trends in total asset turnover.