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.
Peer comparison
Dec 31, 2024