Xencor Inc (XNCR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 186,926 | 169,417 | 294,261 | 130,765 | 170,319 |
| Total assets | US$ in thousands | 952,692 | 846,266 | 838,211 | 703,244 | 670,250 |
| Total asset turnover | 0.20 | 0.20 | 0.35 | 0.19 | 0.25 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $186,926K ÷ $952,692K
= 0.20
Xencor Inc's total asset turnover has fluctuated over the past five years. The ratio indicates how efficiently the company is generating sales from its total assets. In 2021, the total asset turnover was at its highest point of 0.33, suggesting that the company generated $0.33 in revenue for every $1 of total assets. This could imply effective asset utilization and sales generation during that period.
However, in 2020 and 2019, the total asset turnover was lower at 0.17 and 0.23, respectively. This indicates that the company was less efficient in generating sales from its total assets during those years.
The slight decline in 2023 and 2022 with ratios of 0.18 and 0.19, respectively, compared to 2021 may imply a potential decrease in the company's efficiency in utilizing its assets to generate sales. Further analysis of the company's operational and financial performance would be needed to understand the factors contributing to these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2023