Schrodinger Inc (SDGR)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	216,666	180,955	137,931	108,095
Total assets	US$ in thousands	802,955	688,587	756,487	746,263
Total asset turnover		0.27	0.26	0.18	0.14

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $216,666K ÷ $802,955K
= 0.27

The total asset turnover of Schrodinger Inc has exhibited fluctuations over the past five years, ranging from 0.14 in 2020 to 0.55 in 2019. The ratio indicates that for each dollar of total assets, the company generated $0.27 in revenue in 2023, which is slightly higher than the previous year's ratio of 0.26. It suggests that the company efficiently utilized its assets to generate sales, but there may be room for improvement in optimizing asset utilization. The significant increase in 2019 could signify improved operational efficiency or increased sales volume relative to assets. Further analysis of the company's operations and industry benchmarks would provide insights into the effectiveness of the company's asset management strategies.