TransMedics Group Inc (TMDX)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	441,540	241,623	93,459	30,262	25,639
Total assets	US$ in thousands	804,076	706,047	277,147	134,893	152,026
Total asset turnover		0.55	0.34	0.34	0.22	0.17

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $441,540K ÷ $804,076K
= 0.55

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. In the case of TransMedics Group Inc, the total asset turnover has shown an improving trend over the past few years.

In December 31, 2020, the total asset turnover was 0.17, indicating that for every dollar of total assets, the company generated 0.17 dollars in sales. By December 31, 2021, the ratio had increased to 0.22, suggesting that the company was utilizing its assets more effectively to generate revenue.

The trend continued in the following years, with the total asset turnover reaching 0.34 in both December 31, 2022 and December 31, 2023. This indicates a significant improvement in the company's ability to generate sales relative to its total asset base.

By December 31, 2024, the total asset turnover further increased to 0.55, showcasing a substantial enhancement in operational efficiency and asset utilization. This trend suggests that TransMedics Group Inc is becoming more efficient in utilizing its assets to drive revenue growth, which is a positive indication for investors and stakeholders.