Regenxbio Inc (RGNX)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	85,585	89,470	446,639	291,249	59,562
Total assets	US$ in thousands	573,970	833,268	1,113,900	708,164	497,908
Total asset turnover		0.15	0.11	0.40	0.41	0.12

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $85,585K ÷ $573,970K
= 0.15

Regenxbio Inc's total asset turnover has exhibited variability over the past five years. The ratio measures how efficiently the company is utilizing its assets to generate revenue. In 2021, the total asset turnover was relatively high at 0.42, indicating that the company generated $0.42 in revenue for every $1 of assets. This suggests a strong productivity in asset utilization. However, in 2019, the total asset turnover was substantially lower at 0.07, reflecting a less efficient use of assets to generate revenue.

The total asset turnover for 2023 is 0.16, which shows a slight improvement compared to the previous year but is still below the level achieved in 2021. This may indicate that Regenxbio Inc could further optimize its asset utilization to enhance revenue generation efficiency. Overall, the trend in total asset turnover fluctuates year-on-year, signaling the need for ongoing monitoring and potential adjustments in the company's asset management strategies.