STAAR Surgical Company (STAA)
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 322,415 | 310,186 | 305,924 | 294,719 | 284,391 | 279,348 | 261,654 | 242,920 | 230,472 | 217,469 | 206,198 | 179,025 | 163,460 | 156,345 | 148,319 | 152,789 | 150,185 | 142,488 | 135,203 | 129,444 |
| Total assets | US$ in thousands | 488,692 | 471,521 | 440,651 | 418,905 | 418,818 | 394,676 | 376,025 | 351,177 | 345,778 | 324,605 | 294,438 | 265,806 | 257,416 | 234,698 | 218,039 | 206,788 | 207,523 | 192,741 | 185,962 | 177,219 |
| Total asset turnover | 0.66 | 0.66 | 0.69 | 0.70 | 0.68 | 0.71 | 0.70 | 0.69 | 0.67 | 0.67 | 0.70 | 0.67 | 0.64 | 0.67 | 0.68 | 0.74 | 0.72 | 0.74 | 0.73 | 0.73 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $322,415K ÷ $488,692K
= 0.66
The total asset turnover ratio for STAAR Surgical Company has displayed some fluctuations over the past few quarters, ranging from 0.64 to 0.74. This ratio measures the efficiency of the company in generating sales revenue from its assets. A higher ratio indicates that the company is effectively utilizing its assets to generate revenue.
From the data provided, we can observe that the total asset turnover ratio has generally been around 0.67 to 0.70, with a few quarters showing slightly higher or lower values. This suggests that STAAR Surgical Company has maintained a relatively stable level of asset efficiency over the period analyzed.
Although the ratio has fluctuated, it is important to consider industry benchmarks and trends over time to fully assess the company's performance in utilizing its assets to drive revenue generation. Additionally, further analysis of the company's operations and asset management strategies would provide more insight into the factors influencing the total asset turnover ratio.
Peer comparison
Dec 31, 2023