Repligen Corporation (RGEN)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	624,137	800,374	657,807	354,127	255,303
Total assets	US$ in thousands	2,824,410	2,524,660	2,358,350	1,902,890	1,400,110
Total asset turnover		0.22	0.32	0.28	0.19	0.18

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $624,137K ÷ $2,824,410K
= 0.22

The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its total assets. A higher ratio indicates that a company is utilizing its assets more effectively to generate sales.

Analyzing the trend of Repligen Corp.'s total asset turnover from 2019 to 2023, we observe fluctuations in the ratio:

- In 2019 and 2020, the total asset turnover remained constant at 0.19, indicating that the company was generating $0.19 in sales for every dollar of total assets.
- In 2021, the ratio increased to 0.28, showing an improvement in asset utilization efficiency compared to the previous years.
- In 2022, the ratio further improved to 0.32, indicating the company generated $0.32 in sales for every dollar of total assets, reflecting increased efficiency in asset utilization.
- However, in 2023, there was a decline in the total asset turnover to 0.23, suggesting a slight decrease in the company's ability to generate sales revenue from its total assets compared to the previous year.

Overall, Repligen Corp.'s total asset turnover ratio has shown varying levels of efficiency in utilizing its assets to generate sales revenue over the years, with fluctuations in the ratio indicating changes in asset utilization strategies and performance. It is important for the company to monitor and analyze this ratio continually to ensure optimal asset management for enhancing overall financial performance.