Vir Biotechnology Inc (VIR)

Total asset turnover

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
Revenue (ttm) US$ in thousands 86,180 118,803 490,721 444,237 1,613,740 2,377,077 2,106,136 2,325,891 1,095,407 284,394 182,706 72,626 76,368 75,614 75,089
Total assets US$ in thousands 1,919,060 2,044,900 2,243,870 2,665,940 2,802,090 2,695,970 2,618,990 2,887,130 1,954,270 1,210,210 1,057,580 1,135,580 918,761 943,259 672,238
Total asset turnover 0.04 0.06 0.22 0.17 0.58 0.88 0.80 0.81 0.56 0.23 0.17 0.06 0.08 0.08 0.11

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $86,180K ÷ $1,919,060K
= 0.04

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.

Looking at the data provided for Vir Biotechnology Inc, we observe fluctuations in the total asset turnover ratio over the past eight quarters. In the most recent quarter, Q4 2023, the total asset turnover ratio is 0.04, which is relatively low compared to the preceding quarters. This suggests that the company is generating less revenue relative to its total assets in this period.

In contrast, the total asset turnover ratio was highest in Q4 2022 at 0.58, indicating that the company was more efficient in generating revenue from its assets during that period. Subsequently, the ratio decreased over the following quarters but remained relatively stable around 0.80 in the middle of 2022 before declining again.

The fluctuation in total asset turnover ratios could indicate changes in the company's operational efficiency, asset management, or revenue generation strategies over the analyzed periods. Further analysis and comparison with industry benchmarks or competitors' ratios would provide more insight into Vir Biotechnology Inc's performance and efficiency in utilizing its assets to generate revenue.