Schrodinger Inc (SDGR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 207,539 | 216,666 | 180,955 | 137,931 | 108,095 |
| Total assets | US$ in thousands | 823,226 | 802,955 | 688,587 | 756,487 | 746,263 |
| Total asset turnover | 0.25 | 0.27 | 0.26 | 0.18 | 0.14 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $207,539K ÷ $823,226K
= 0.25
The total asset turnover ratio measures how efficiently a company is utilizing its total assets to generate revenue. In the case of Schrodinger Inc, the total asset turnover has shown an increasing trend over the past five years.
As of December 31, 2020, the total asset turnover ratio was 0.14, indicating that for every dollar of total assets, the company generated $0.14 in revenue. This ratio improved to 0.18 by December 31, 2021, showing a positive increase in asset efficiency.
By December 31, 2022, the total asset turnover ratio further increased to 0.26, signaling that the company was utilizing its assets more effectively to generate revenue. The trend continued with a slight rise to 0.27 by December 31, 2023, indicating a continued improvement in asset utilization.
However, by December 31, 2024, the total asset turnover ratio decreased to 0.25, suggesting a slight decline in asset efficiency compared to the previous year. Overall, the increasing trend in total asset turnover from 2020 to 2023 demonstrates Schrodinger Inc's ability to effectively generate revenue from its total assets, although the slight decrease in 2024 warrants further scrutiny to ensure continued efficiency in asset utilization.
Peer comparison
Dec 31, 2024