Sarepta Therapeutics Inc (SRPT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,243,340 | 933,013 | 701,887 | 540,099 | 380,833 |
| Total assets | US$ in thousands | 3,264,580 | 3,128,370 | 3,147,970 | 2,984,720 | 1,822,820 |
| Total asset turnover | 0.38 | 0.30 | 0.22 | 0.18 | 0.21 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,243,340K ÷ $3,264,580K
= 0.38
The total asset turnover ratio measures how efficiently a company generates revenue from its total assets. In the case of Sarepta Therapeutics Inc, the total asset turnover has shown an increasing trend over the past five years, indicating improved efficiency in utilizing its assets to generate sales.
The total asset turnover ratio increased from 0.21 in 2019 to 0.38 in 2023, which suggests that the company has been able to generate more revenue per dollar of assets invested. This steady improvement indicates better asset utilization and efficiency in generating sales.
A total asset turnover ratio of 0.38 in 2023 implies that for every dollar of assets Sarepta Therapeutics Inc had, it generated $0.38 in revenue. This indicates that the company has been effectively managing and utilizing its assets to drive sales growth.
Overall, the increasing trend in the total asset turnover ratio for Sarepta Therapeutics Inc reflects positively on the company's operational efficiency and effectiveness in generating revenue from its assets.
Peer comparison
Dec 31, 2023