Xencor Inc (XNCR)

Total 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
Total assets	US$ in thousands	951,945	983,635	826,167	884,255	952,692	778,430	778,121	803,411	846,266	835,269	851,325	857,922	838,211	697,264	695,602	692,737	703,244	646,349	644,720	666,963
Total asset turnover		0.12	0.09	0.16	0.18	0.18	0.19	0.15	0.12	0.19	0.36	0.34	0.38	0.33	0.23	0.26	0.18	0.17	0.13	0.11	0.12

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $110,493K ÷ $951,945K
= 0.12

The total asset turnover ratio for Xencor Inc has shown fluctuations over the past few years, ranging from as low as 0.09 to as high as 0.38. The ratio measures the efficiency with which the company generates sales revenue from its assets. A higher ratio indicates that the company is utilizing its assets effectively to generate revenue.

Looking at the trend, we observe that the total asset turnover ratio increased from 0.12 in March 2020 to reach its peak at 0.38 in March 2022, indicating significant improvement in asset utilization during this period. However, the ratio decreased thereafter, fluctuating between 0.15 to 0.19 until December 2024.

Overall, the total asset turnover ratio trend for Xencor Inc shows some volatility, which may suggest varying levels of efficiency in utilizing its assets to generate sales. Further analysis of the company's financial performance and operational strategies could provide insights into the factors impacting these fluctuations.