Vericel Corp Ord (VCEL)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	237,224	197,516	164,365	156,184	124,179
Total assets	US$ in thousands	432,722	353,657	273,003	243,705	205,608
Total asset turnover		0.55	0.56	0.60	0.64	0.60

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $237,224K ÷ $432,722K
= 0.55

Vericel Corp Ord's total asset turnover ratio has shown a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio started at 0.60 in 2020, increased to 0.64 by the end of 2021, then declined to 0.60 again in 2022. Subsequently, there was a further decrease to 0.56 in 2023, and another slight drop to 0.55 by the end of 2024.

The total asset turnover ratio indicates how efficiently a company is utilizing its assets to generate revenue. A higher ratio generally signifies better asset utilization. Vericel's declining trend in total asset turnover may suggest a worsening efficiency in generating sales from its total assets over the years. Further analysis would be necessary to understand the factors contributing to this trend and to assess the company's overall financial health and operational performance.