Schrodinger Inc (SDGR)

Total asset turnover

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 216,666 199,383 193,794 197,074 180,955 170,282 163,152 154,467 137,931 124,793 120,740 114,048 108,095
Total assets US$ in thousands 802,955 794,148 841,566 838,773 688,587 661,985 687,880 719,537 756,487 762,617 717,334 744,189 746,263 680,116 349,551 349,872
Total asset turnover 0.27 0.25 0.23 0.23 0.26 0.26 0.24 0.21 0.18 0.16 0.17 0.15 0.14

December 31, 2023 calculation

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

The total asset turnover of Schrodinger Inc has been relatively stable over the past eight quarters, ranging from 0.21 to 0.27. This ratio indicates how efficiently the company is generating sales revenue from its total assets.

A total asset turnover of 0.21 to 0.27 suggests that, on average, the company generates $0.21 to $0.27 in sales for every dollar of assets it owns. A higher ratio would indicate that the company is utilizing its assets more efficiently to generate revenue.

While the ratio has shown some fluctuations, there hasn't been a clear trend in either direction over the past quarters. This could indicate that the company's asset utilization efficiency has remained relatively consistent during this period.

Further analysis would be needed to understand the factors contributing to these ratios and to determine if there are any underlying issues affecting the company's ability to efficiently generate sales from its assets.


Peer comparison

Dec 31, 2023