Vericel Corp Ord (VCEL)

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	237,224	226,844	214,520	207,780	197,516	185,214	178,184	169,308	164,365	159,262	155,217	157,690	156,184	153,822	151,574	132,069	124,179	118,340	116,581	122,718
Total assets	US$ in thousands	432,722	390,405	376,839	356,661	353,657	318,125	310,711	265,096	273,003	248,017	244,815	240,288	243,705	224,143	221,945	211,464	205,608	157,504	146,691	152,890
Total asset turnover		0.55	0.58	0.57	0.58	0.56	0.58	0.57	0.64	0.60	0.64	0.63	0.66	0.64	0.69	0.68	0.62	0.60	0.75	0.79	0.80

December 31, 2024 calculation

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

Vericel Corp Ord's total asset turnover has shown some fluctuations over the years. The ratio started at 0.80 in March 2020 and gradually decreased to 0.60 by December 2020. This decline suggests that the company may not be efficiently utilizing its assets to generate sales.

However, from March 2021 to June 2022, there was a slight recovery in the total asset turnover, reaching a peak of 0.68. This improvement indicates that Vericel Corp Ord was able to increase its revenue relative to its total assets during this period.

Subsequently, the total asset turnover ratio started to fluctuate again, hovering around 0.60 to 0.64 from September 2022 to March 2024. This indicates that the company's asset utilization efficiency is still a concern and may require attention to better optimize the use of assets to drive sales.

Overall, Vericel Corp Ord's total asset turnover ratio has shown mixed performance, with periods of improvement and decline. It is essential for the company to focus on enhancing efficiency in utilizing its assets to drive higher sales and improve overall financial performance.