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