Vericel Corp Ord (VCEL)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	197,516	164,365	156,184	124,179	117,850
Total assets	US$ in thousands	353,657	273,003	243,705	205,608	153,238
Total asset turnover		0.56	0.60	0.64	0.60	0.77

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $197,516K ÷ $353,657K
= 0.56

Vericel Corp's total asset turnover has shown a declining trend over the past five years, from 0.77 in 2019 to 0.56 in 2023. This ratio indicates the company's efficiency in generating sales from its total assets. A lower total asset turnover could suggest that the company is not effectively utilizing its assets to generate revenue. It may be a sign of inefficient asset management or declining sales relative to its asset base. Vericel Corp should focus on improving its asset utilization efficiency to enhance its overall financial performance and profitability.