Xencor Inc (XNCR)

Fixed 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	110,493	85,164	133,618	162,181	168,338	145,259	113,394	98,046	164,579	296,985	289,369	326,641	275,111	162,949	178,632	124,274	122,694	84,356	70,750	77,146
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	67,997	66,685	93,602	51,040	38,855	28,411	59,970	24,179	23,132	22,301	21,682	19,771	16,239	16,799
Fixed asset turnover		—	—	—	—	—	—	1.67	1.47	1.76	5.82	7.45	11.50	4.59	6.74	7.72	5.57	5.66	4.27	4.36	4.59

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $110,493K ÷ $—K
= —

Xencor Inc's fixed asset turnover ratio has exhibited fluctuating trends over the past few years. The ratio stood at 4.59 as of March 31, 2020, indicating that the company generated $4.59 in revenue for every dollar invested in fixed assets. Subsequently, the ratio decreased to 4.36 by June 30, 2020, before declining further to 4.27 by September 30, 2020.

However, there was a notable improvement in the fixed asset turnover, reaching 5.66 by December 31, 2020, and further enhancing to 5.57 by March 31, 2021. The trend of improvement continued into June 30, 2021, where the ratio reached 7.72, indicating a significant increase in revenue generated from fixed assets.

Despite the positive trend, the fixed asset turnover ratio experienced a decline to 6.74 by September 30, 2021, followed by a decrease to 4.59 by December 31, 2021. The ratio then highly surged to 11.50 as of March 31, 2022, before declining to 7.45 by June 30, 2022.

The ratio further decreased to 5.82 by September 30, 2022, and significantly dropped to 1.76 by December 31, 2022. The trend reversed slightly as of March 31, 2023, with a slight increase to 1.47, followed by a slight improvement to 1.67 by June 30, 2023.

As of the latest available data on September 30, 2023, the fixed asset turnover ratio remains unspecified, indicating a pause in financial reporting or potential issues with asset utilization. The data for the subsequent periods through December 31, 2024, is currently unavailable.

The fluctuations in Xencor Inc's fixed asset turnover ratio suggest varying efficiencies in utilizing its fixed assets to generate revenue. Further examination and analysis would be required to determine the underlying factors driving these fluctuations and to assess the company's overall asset management effectiveness.