Supernus Pharmaceuticals Inc (SUPN)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	607,521	673,056	560,079	500,962	392,755
Total assets	US$ in thousands	1	1,702,510	1,689,150	1,504,100	1,160,280
Total asset turnover		607,521.00	0.40	0.33	0.33	0.34

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $607,521K ÷ $1K
= 607,521.00

The total asset turnover ratio measures how efficiently a company is generating revenue from its total assets. Supernus Pharmaceuticals Inc's total asset turnover ratio has shown a fluctuating trend over the past five years.

At the end of December 2023, the total asset turnover ratio was 0.48, indicating that for every dollar of total assets, the company generated $0.48 in revenue. This represents an improvement from the previous year when the ratio was 0.39 in 2022.

In 2021, the total asset turnover ratio was 0.34, showing a slight decline from the previous year. Similarly, in 2020 and 2019, the total asset turnover ratio remained relatively stable at 0.35 and 0.34, respectively.

The upward trend in the total asset turnover ratio in 2023 suggests that Supernus Pharmaceuticals Inc was more efficient in utilizing its assets to generate revenue. However, it is important to further analyze the company's operating efficiency and asset management practices to better understand the factors contributing to these fluctuations over the years.