Xencor Inc (XNCR)

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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	186,941	159,035	123,534	105,187	169,448	300,051	291,251	346,181	294,209	181,761	198,671	128,003	129,246	90,908	79,618	87,539	166,940	174,988	181,170	160,553
Total assets	US$ in thousands	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	670,250	686,244	684,753	697,003
Total asset turnover		0.20	0.20	0.16	0.13	0.20	0.36	0.34	0.40	0.35	0.26	0.29	0.18	0.18	0.14	0.12	0.13	0.25	0.25	0.26	0.23

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $186,941K ÷ $952,692K
= 0.20

The total asset turnover ratio measures a company's ability to generate sales from its assets. In the case of Xencor Inc, the total asset turnover has fluctuated over the quarters, ranging from 0.12 to 0.38. A lower total asset turnover ratio indicates that the company is less efficient in generating sales from its assets, while a higher ratio suggests greater efficiency.

Xencor Inc's total asset turnover ratio in Q4 2023 was 0.18, which indicates that the company generated $0.18 in sales for every $1 of total assets. Compared to the previous quarter, the total asset turnover decreased slightly from 0.19 in Q3 2023.

Over the past year, Xencor Inc's total asset turnover ratio has varied significantly, with the highest ratio of 0.38 in Q1 2022 and the lowest ratio of 0.12 in Q1 2023. This variability suggests fluctuations in the company's ability to utilize its assets effectively to generate sales.

Overall, Xencor Inc's total asset turnover ratio has shown some volatility, highlighting the importance of closely monitoring the company's asset management and sales generation strategies to ensure optimal efficiency and profitability.