Tandem Diabetes Care Inc (TNDM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 940,203 | 747,718 | 801,217 | 702,799 | 498,830 |
| Total assets | US$ in thousands | 967,658 | 952,658 | 1,052,780 | 905,137 | 716,415 |
| Total asset turnover | 0.97 | 0.78 | 0.76 | 0.78 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $940,203K ÷ $967,658K
= 0.97
The total asset turnover ratio for Tandem Diabetes Care Inc has shown an increasing trend over the five-year period from 2020 to 2024. Starting at 0.70 in 2020, the ratio has steadily improved to reach 0.97 in 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting its efficiency in utilizing its assets to generate sales. The gradual increase in total asset turnover suggests that Tandem Diabetes Care Inc has been able to improve its operational efficiency and optimize its asset utilization over the years. This improvement is a positive indicator of the company's ability to generate sales from its asset base and effectively manage its resources.
Peer comparison
Dec 31, 2024