STAAR Surgical Company (STAA)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | 313,901 | 341,224 | 332,942 | 326,243 | 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 |
| Total assets | US$ in thousands | 510 | 537,590 | 512,745 | 492,535 | 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 |
| Total asset turnover | 615.49 | 0.63 | 0.65 | 0.66 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $313,901K ÷ $510K
= 615.49
Total asset turnover measures a company's ability to generate revenue from its assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
Analyzing the data for STAAR Surgical Company from March 31, 2020, to December 31, 2024, we observe fluctuations in the total asset turnover ratio. The ratio started at 0.74 in March 31, 2020, and gradually declined to 0.63 in September 30, 2024.
The company's ability to generate sales from its total assets fluctuated during this period, with the ratio dipping in the mid-years of 2022 and 2023 before showing a slight increase towards the end of 2024.
A sudden spike in the ratio to 615.49 in December 31, 2024, may indicate a data anomaly or irregularity in the financial reporting, as such an extreme value is not typical for this ratio.
Overall, a consistently lower total asset turnover ratio may suggest inefficiencies in asset utilization or challenges in generating sufficient revenue from the company's asset base. Monitoring this ratio over time can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024