TransMedics Group Inc (TMDX)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	241,623	93,459	30,262	25,639	23,604
Total assets	US$ in thousands	706,047	277,147	134,893	152,026	105,299
Total asset turnover		0.34	0.34	0.22	0.17	0.22

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $241,623K ÷ $706,047K
= 0.34

TransMedics Group Inc's total asset turnover has demonstrated some variability over the past five years. The company's total asset turnover was consistently at 0.34 in both 2023 and 2022, suggesting that for each dollar of total assets, the company generated $0.34 in sales revenue in those years. In 2021, the total asset turnover decreased to 0.22, indicating a decline in the efficiency of the company in generating sales revenue from its assets. However, in 2020 and 2019, the total asset turnover was at 0.17 and 0.22 respectively, indicating fluctuations in asset utilization efficiency over those years. Overall, the total asset turnover ratio for TransMedics Group Inc has shown some variation, suggesting the company's effectiveness in generating sales from its total assets has not been consistently strong.