STAAR Surgical Company (STAA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 313,901 | 322,415 | 284,391 | 230,472 | 163,460 |
| Total assets | US$ in thousands | 509,524 | 488,692 | 415,148 | 345,778 | 257,416 |
| Total asset turnover | 0.62 | 0.66 | 0.69 | 0.67 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $313,901K ÷ $509,524K
= 0.62
Total asset turnover is a key financial ratio that measures how efficiently a company utilizes its assets to generate revenue. For STAAR Surgical Company, the total asset turnover has shown a consistent improvement over the past five years.
In 2020, the total asset turnover was 0.64, indicating that for every dollar of assets the company had, it generated $0.64 in revenue. By the end of 2024, the total asset turnover had increased to 0.62, suggesting that the company was able to generate $0.62 in revenue for every dollar of assets.
The slight decrease in total asset turnover from 2023 to 2024 may indicate a potential decrease in efficiency in generating revenue from its assets. However, it's important to consider other factors that may have influenced this ratio, such as changes in the company's business model, market conditions, or asset structure.
Overall, the improving trend in total asset turnover for STAAR Surgical Company suggests that the company has been effectively utilizing its assets to drive revenue growth, which is a positive sign for investors and stakeholders. However, monitoring this ratio along with other financial metrics is essential to gain a comprehensive understanding of the company's performance and efficiency in asset utilization.
Peer comparison
Dec 31, 2024