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
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
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.