Repligen Corporation (RGEN)

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	627,837	616,033	602,354	607,450	638,764	669,783	729,332	777,796	801,536	801,295	778,770	734,097	670,534	592,661	508,505	433,007	366,260	327,086	302,471	285,701
Total assets	US$ in thousands	2,829,670	2,830,640	2,861,920	2,849,270	2,824,410	2,514,130	2,549,000	2,538,230	2,524,660	2,462,530	2,444,920	2,383,820	2,358,350	2,241,400	2,015,960	1,927,330	1,902,890	1,476,320	1,442,040	1,406,480
Total asset turnover		0.22	0.22	0.21	0.21	0.23	0.27	0.29	0.31	0.32	0.33	0.32	0.31	0.28	0.26	0.25	0.22	0.19	0.22	0.21	0.20

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $627,837K ÷ $2,829,670K
= 0.22

The total asset turnover ratio for Repligen Corporation has shown a steady upward trend over the past few years, starting at 0.20 in March 2020 and increasing to 0.22 by September 2020. The ratio continued to improve, reaching its peak at 0.33 in September 2022. This indicates that the company generated $0.33 in sales for every $1 of assets it had during that period.

Subsequently, there was a slight decline in the total asset turnover ratio to 0.23 by December 2023, followed by further decreases to 0.21 in June 2024 and December 2024. This suggests that the company may have experienced challenges in efficiently utilizing its assets to generate sales during these periods.

Overall, the total asset turnover ratio for Repligen Corporation has displayed fluctuations but generally remained within a range of 0.20 to 0.33 over the analyzed period. It is essential for the company to monitor and manage its asset turnover effectively to ensure optimal utilization of resources and maximize revenue generation.