TG Therapeutics Inc (TGTX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 324,397 | 221,047 | 2,785 | 6,689 | 152 |
| Total assets | US$ in thousands | 577,690 | 329,587 | 193,572 | 379,629 | 625,642 |
| Total asset turnover | 0.56 | 0.67 | 0.01 | 0.02 | 0.00 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $324,397K ÷ $577,690K
= 0.56
TG Therapeutics Inc's total asset turnover has exhibited varying trends over the years. In 2020 and 2021, the company's total asset turnover was very low, indicating that the company was not efficiently utilizing its assets to generate sales. However, there was a significant improvement in 2023 and 2024, where the total asset turnover increased to 0.67 and 0.56, respectively. This suggests that the company was able to generate more sales relative to its total assets during these years, reflecting improved asset utilization efficiency. Overall, TG Therapeutics Inc's total asset turnover has shown some fluctuations, but the recent improvements indicate a more effective utilization of assets to drive sales.
Peer comparison
Dec 31, 2024