Vir Biotechnology Inc (VIR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 74,205 | 86,180 | 1,580,470 | 1,087,070 | 76,368 |
| Total assets | US$ in thousands | 1,398,810 | 1,919,060 | 2,802,090 | 1,954,270 | 918,761 |
| Total asset turnover | 0.05 | 0.04 | 0.56 | 0.56 | 0.08 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $74,205K ÷ $1,398,810K
= 0.05
The total asset turnover ratio measures the efficiency of a company in using its assets to generate revenue.
For Vir Biotechnology Inc, the total asset turnover has fluctuated over the years. In December 2020, the company had a total asset turnover of 0.08, indicating that it generated $0.08 in revenue for every dollar of assets it had. By December 2021 and 2022, the total asset turnover improved to 0.56, suggesting that the company became more efficient in utilizing its assets to generate revenue.
However, in December 2023, the total asset turnover dropped to 0.04, indicating a decline in efficiency in asset utilization. This was followed by a slight increase to 0.05 in December 2024.
Overall, the total asset turnover of Vir Biotechnology Inc has shown variability over the years, with improvements in certain periods and decline in others. It is essential for the company to focus on maintaining or improving this ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2024