Total Asset Turnover
since 2005
Calculation
DexCom Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.54 | = | 2,909,800) | ÷ | 5,391,700) |
| Dec 31, 2021 | 0.50 | = | 2,448,500) | ÷ | 4,863,600) |
| Dec 31, 2020 | 0.45 | = | 1,926,700) | ÷ | 4,290,500) |
| Dec 31, 2019 | 0.62 | = | 1,476,000) | ÷ | 2,395,000) |
| Dec 31, 2018 | 0.54 | = | 1,031,600) | ÷ | 1,916,000) |
| Dec 31, 2017 | 0.79 | = | 718,500) | ÷ | 904,100) |
| Dec 31, 2016 | 1.42 | = | 573,300) | ÷ | 402,800) |
| Dec 31, 2015 | 1.38 | = | 402,000) | ÷ | 292,000) |
| Dec 31, 2014 | 1.40 | = | 259,200) | ÷ | 184,600) |
| Dec 31, 2013 | 1.31 | = | 160,000) | ÷ | 122,500) |
| Dec 31, 2012 | 0.94 | = | 99,900) | ÷ | 106,000) |
| Dec 31, 2011 | 0.63 | = | 76,266) | ÷ | 120,475) |
| Dec 31, 2010 | 0.63 | = | 48,631) | ÷ | 77,164) |
| Dec 31, 2009 | 0.63 | = | 29,693) | ÷ | 46,948) |
| Dec 31, 2008 | 0.22 | = | 9,838) | ÷ | 44,366) |
| Dec 31, 2007 | 0.06 | = | 4,627) | ÷ | 77,259) |
| Dec 31, 2006 | 0.03 | = | 2,170) | ÷ | 64,553) |
| Dec 31, 2005 | 0.00 | = | —) | ÷ | 56,726) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial trajectory from 2006 to 2022 is characterized by an exponential increase in revenue, rising from 2.17 million dollars to approximately 2.91 billion dollars. While total assets expanded significantly over the same period, the efficiency of asset utilization, as measured by the total asset turnover ratio, experienced three distinct phases: a period of rapid acceleration, a sharp correction, and a subsequent stabilization.
- Asset Utilization Growth (2006–2016)
- A consistent upward trend in asset turnover is observed from 2006 to 2016, during which the ratio climbed from 0.03 to a peak of 1.42. This trajectory indicates a period of increasing operational efficiency, where revenue growth significantly outpaced the expansion of the asset base, reflecting highly effective deployment of resources to generate sales.
- Efficiency Contraction (2017–2018)
- A significant decline in the turnover ratio occurred between 2016 and 2018, falling from 1.42 to 0.54. This downturn coincides with a substantial increase in total assets, which grew from 402.8 million dollars in 2016 to 1.916 billion dollars in 2018. The data suggests that asset accumulation expanded at a rate that exceeded revenue growth during this window, leading to a decrease in overall asset productivity.
- Stabilization Phase (2019–2022)
- Between 2019 and 2022, the asset turnover ratio entered a period of relative stability, fluctuating within a narrow range between 0.45 and 0.62. Although revenue continued to grow steadily toward 2.91 billion dollars, total assets scaled proportionally to 5.39 billion dollars, resulting in a stabilized turnover ratio that indicates a new equilibrium in the company's asset-to-revenue relationship.
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Comparison to Competitors
DexCom Inc., total asset turnover, long-term trends, comparison to competitors
| DexCom Inc. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.54 | 0.59 | 1.51 | 0.48 | 0.35 | 1.31 |
| Dec 31, 2021 | 0.50 | 0.57 | 1.41 | 0.42 | 0.32 | 1.34 |
| Dec 31, 2020 | 0.45 | 0.48 | 1.39 | 0.39 | 0.32 | 1.30 |
| Dec 31, 2019 | 0.62 | 0.47 | 1.33 | 0.46 | 0.34 | 1.38 |
| Dec 31, 2018 | 0.54 | 0.46 | 1.28 | 0.47 | 0.33 | 1.48 |
| Dec 31, 2017 | 0.79 | 0.36 | 1.26 | 0.54 | 0.30 | 1.44 |
| Dec 31, 2016 | 1.42 | 0.40 | 1.29 | 0.42 | 0.29 | 1.50 |
| Dec 31, 2015 | 1.38 | 0.49 | 1.27 | 0.49 | 0.19 | 1.40 |
| Dec 31, 2014 | 1.40 | 0.49 | 1.18 | 0.54 | 0.45 | 1.50 |
| Dec 31, 2013 | 1.31 | 0.51 | 1.18 | 0.57 | 0.48 | 1.49 |
| Dec 31, 2012 | 0.94 | 0.59 | 1.03 | 0.54 | 0.49 | 1.36 |
| Dec 31, 2011 | 0.63 | 0.64 | 1.15 | 0.57 | 0.52 | 1.49 |
| Dec 31, 2010 | 0.63 | 0.59 | 1.15 | 0.59 | 0.56 | 1.48 |
| Dec 31, 2009 | 0.63 | 0.59 | 1.17 | 0.58 | 0.62 | 1.47 |
| Dec 31, 2008 | 0.22 | 0.70 | 1.27 | 0.59 | 0.61 | 1.44 |
| Dec 31, 2007 | 0.06 | 0.65 | 1.15 | 0.58 | 0.63 | 1.46 |
| Dec 31, 2006 | 0.03 | 0.62 | 1.08 | 0.55 | 0.57 | 1.46 |
| Dec 31, 2005 | 0.00 | 0.77 | 0.87 | 0.45 | 0.61 | 1.08 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
DexCom Inc., total asset turnover, long-term trends, comparison to sector (health care equipment & services)
| DexCom Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2022 | 0.54 | 1.06 |
| Dec 31, 2021 | 0.50 | 1.02 |
| Dec 31, 2020 | 0.45 | 0.97 |
| Dec 31, 2019 | 0.62 | 0.98 |
| Dec 31, 2018 | 0.54 | 0.98 |
| Dec 31, 2017 | 0.79 | 0.89 |
| Dec 31, 2016 | 1.42 | 0.92 |
| Dec 31, 2015 | 1.38 | 0.85 |
| Dec 31, 2014 | 1.40 | 1.05 |
| Dec 31, 2013 | 1.31 | 1.04 |
| Dec 31, 2012 | 0.94 | 0.94 |
| Dec 31, 2011 | 0.63 | 1.02 |
| Dec 31, 2010 | 0.63 | 1.00 |
| Dec 31, 2009 | 0.63 | 1.03 |
| Dec 31, 2008 | 0.22 | 1.09 |
| Dec 31, 2007 | 0.06 | 1.06 |
| Dec 31, 2006 | 0.03 | 1.03 |
| Dec 31, 2005 | 0.00 | 0.88 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
DexCom Inc., total asset turnover, long-term trends, comparison to industry (health care)
| DexCom Inc. | Health Care | |
|---|---|---|
| Dec 31, 2022 | 0.54 | 0.66 |
| Dec 31, 2021 | 0.50 | 0.62 |
| Dec 31, 2020 | 0.45 | 0.57 |
| Dec 31, 2019 | 0.62 | 0.57 |
| Dec 31, 2018 | 0.54 | 0.63 |
| Dec 31, 2017 | 0.79 | 0.56 |
| Dec 31, 2016 | 1.42 | 0.57 |
| Dec 31, 2015 | 1.38 | 0.55 |
| Dec 31, 2014 | 1.40 | 0.60 |
| Dec 31, 2013 | 1.31 | 0.58 |
| Dec 31, 2012 | 0.94 | 0.58 |
| Dec 31, 2011 | 0.63 | 0.61 |
| Dec 31, 2010 | 0.63 | 0.61 |
| Dec 31, 2009 | 0.63 | 0.55 |
| Dec 31, 2008 | 0.22 | 0.73 |
| Dec 31, 2007 | 0.06 | 0.71 |
| Dec 31, 2006 | 0.03 | 0.69 |
| Dec 31, 2005 | 0.00 | 0.66 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).