Tandem Diabetes Care Inc (TNDM)

Total asset turnover

Dec 31, 2024 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
Revenue (ttm) US$ in thousands 1,059,521 973,669 796,002 770,009 747,718 771,424 790,349 794,694 801,218 790,712 765,792 737,669 702,799 660,868 604,844 541,941 498,830 439,163 410,217 394,236
Total assets US$ in thousands 967,658 957,730 937,503 941,045 952,658 939,909 946,676 954,145 1,052,780 1,047,520 1,036,580 1,015,280 905,137 850,279 795,250 754,273 716,415 672,988 616,239 343,327
Total asset turnover 1.09 1.02 0.85 0.82 0.78 0.82 0.83 0.83 0.76 0.75 0.74 0.73 0.78 0.78 0.76 0.72 0.70 0.65 0.67 1.15

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,059,521K ÷ $967,658K
= 1.09

Total asset turnover measures how efficiently a company uses its assets to generate revenue. In the case of Tandem Diabetes Care Inc, the trend in total asset turnover over the period from March 31, 2020, to December 31, 2024, shows some fluctuations.

- The total asset turnover ratio started at 1.15 on March 31, 2020, indicating that the company generated $1.15 in revenue for every $1 of assets.
- The ratio decreased to 0.67 by June 30, 2020, suggesting a decline in asset utilization efficiency.
- It continued to decrease to 0.65 by September 30, 2020, before slightly improving to 0.70 by December 31, 2020.
- From March 31, 2021, to June 30, 2024, the total asset turnover ratio fluctuated within the range of 0.72 to 1.09.
- The ratio saw some improvements in the latter half of 2024, reaching 1.09 by December 31, 2024, indicating that the company generated $1.09 in revenue for every $1 of assets.

Overall, the total asset turnover of Tandem Diabetes Care Inc has shown variability but displayed an increasing trend towards the end of the period, implying better efficiency in utilizing assets to generate revenue. It would be beneficial to further investigate the factors contributing to these fluctuations to understand the company's operational performance and asset management strategies.