Xencor Inc (XNCR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 110,493 | 168,338 | 164,579 | 275,111 | 122,694 |
| Total assets | US$ in thousands | 951,945 | 952,692 | 846,266 | 838,211 | 703,244 |
| Total asset turnover | 0.12 | 0.18 | 0.19 | 0.33 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $110,493K ÷ $951,945K
= 0.12
The total asset turnover ratio of Xencor Inc has shown fluctuations over the past five years. In December 31, 2020, the total asset turnover was 0.17, indicating that the company generated $0.17 in revenue for every dollar of assets. This ratio increased significantly to 0.33 by December 31, 2021, suggesting improved efficiency in utilizing its assets to generate revenue.
However, there was a decline in the total asset turnover in the subsequent years. By December 31, 2022, the ratio fell to 0.19, and further dropped to 0.18 in December 31, 2023. This downward trend indicates that the company may be experiencing challenges in effectively utilizing its assets to generate revenue.
Moreover, by December 31, 2024, the total asset turnover ratio reached its lowest point at 0.12, signifying a decrease in efficiency in turning assets into revenue. It is essential for Xencor Inc to closely monitor and evaluate its asset utilization to improve its operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024