TG Therapeutics Inc (TGTX)

Total asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	262,359	340,582	280,254	222,343	180,883	18,875	6,331	2,784	5,025	6,961	7,912	6,689	4,406	2,414	907	152	152	152	152	152
Total assets	US$ in thousands	586,014	401,207	373,323	329,587	331,067	220,854	197,358	193,572	217,891	251,666	303,028	379,629	409,687	481,400	548,699	625,642	273,856	294,621	101,849	163,014
Total asset turnover		0.45	0.85	0.75	0.67	0.55	0.09	0.03	0.01	0.02	0.03	0.03	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $262,359K ÷ $586,014K
= 0.45

Total asset turnover measures a company's efficiency in generating sales revenue from its assets. It is calculated by dividing total revenue by average total assets. For TG Therapeutics Inc, the total asset turnover has fluctuated over the periods analysed.

In the most recent period, September 2024, the total asset turnover is 0.45, indicating that the company is generating 45 cents of revenue for every dollar of assets. This is a decrease from the previous quarter, June 2024, where the turnover was 0.85, suggesting a decline in the company's efficiency in utilizing its assets to generate revenue.

The highest total asset turnover was observed in June 2023 at 0.09, which was significantly higher than the turnovers in the previous periods. This could indicate a period of improved asset utilization efficiency. However, the turnover in the subsequent periods remained low, indicating a possible anomaly or specific event impacting the company's operations during that quarter.

Overall, the trend in TG Therapeutics Inc's total asset turnover shows variability, suggesting fluctuations in the company's ability to efficiently generate sales revenue from its assets. This metric is important for investors and analysts to assess the company's operational efficiency and resource utilization. Further analysis of the company's financial and operational performance is recommended to understand the factors contributing to the fluctuations in total asset turnover over time.