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 data demonstrates notable growth and shifts across the key metrics over the period analyzed.
- Revenue Trends
- Revenue exhibited a strong upward trajectory from 2006 onward, increasing from $2.17 million in 2006 to nearly $2.91 billion by 2022. The growth was particularly rapid from 2008 through 2014, with revenue rising from under $10 million to over $400 million, indicating an expanding market presence or product adoption. The trend remained positive through 2022, although the rate of acceleration appears to moderate slightly in the later years, maintaining substantial top-line growth.
- Total Assets Development
- Total assets showed steady expansion over the entire period with some fluctuations. Starting at approximately $56.7 million in 2005, assets increased with a marked surge beginning around 2014, jumping from $292 million to over $5.39 billion by the end of 2022. This substantial asset growth suggests significant capital investment or acquisitions to support business expansion, especially pronounced after 2013.
- Total Asset Turnover Analysis
- Total asset turnover improved markedly in the early years, moving from 0.03 in 2006 to a peak around 1.42 in 2016, illustrating efficient use of assets to generate revenue during this phase. However, following 2016, there is a decline and stabilization of the ratio between 0.45 and 0.54 through 2022. This decline in turnover ratio despite growing revenues could reflect increasing asset base outpacing revenue growth or a strategic shift in asset-heavy investments.
- Overall Insights
- The company experienced significant revenue and asset growth, especially from mid-2000s onward. Early gains were accompanied by improved asset utilization, but recent data shows a dilution of this efficiency metric. This could indicate a period of heavy investment aimed at long-term growth or scaling, which temporarily reduces turnover ratios. The sustained revenue increase alongside asset growth highlights a strong expansion strategy, though monitoring asset utilization efficiency will be critical going forward to ensure profitability.
Comparison to Competitors
DexCom Inc., total asset turnover, long-term trends, comparison to competitors
| DexCom Inc. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.54 | 0.59 | 1.41 | 1.51 | 0.48 | 0.35 | 1.31 |
| Dec 31, 2021 | 0.50 | 0.57 | 1.25 | 1.41 | 0.42 | 0.32 | 1.34 |
| Dec 31, 2020 | 0.45 | 0.48 | 1.16 | 1.39 | 0.39 | 0.32 | 1.30 |
| Dec 31, 2019 | 0.62 | 0.47 | 1.15 | 1.33 | 0.46 | 0.34 | 1.38 |
| Dec 31, 2018 | 0.54 | 0.46 | 0.99 | 1.28 | 0.47 | 0.33 | 1.48 |
| Dec 31, 2017 | 0.79 | 0.36 | 1.94 | 1.26 | 0.54 | 0.30 | 1.44 |
| Dec 31, 2016 | 1.42 | 0.40 | 1.88 | 1.29 | 0.42 | 0.29 | 1.50 |
| Dec 31, 2015 | 1.38 | 0.49 | 1.64 | 1.27 | 0.49 | 0.19 | 1.40 |
| Dec 31, 2014 | 1.40 | 0.49 | 1.88 | 1.18 | 0.54 | 0.45 | 1.50 |
| Dec 31, 2013 | 1.31 | 0.51 | 1.77 | 1.18 | 0.57 | 0.48 | 1.49 |
| Dec 31, 2012 | 0.94 | 0.59 | 1.87 | 1.03 | 0.54 | 0.49 | 1.36 |
| Dec 31, 2011 | 0.63 | 0.64 | 1.66 | 1.15 | 0.57 | 0.52 | 1.49 |
| Dec 31, 2010 | 0.63 | 0.59 | 1.55 | 1.15 | 0.59 | 0.56 | 1.48 |
| Dec 31, 2009 | 0.63 | 0.59 | 1.60 | 1.17 | 0.58 | 0.62 | 1.47 |
| Dec 31, 2008 | 0.22 | 0.70 | 1.43 | 1.27 | 0.59 | 0.61 | 1.44 |
| Dec 31, 2007 | 0.06 | 0.65 | 1.39 | 1.15 | 0.58 | 0.63 | 1.46 |
| Dec 31, 2006 | 0.03 | 0.62 | 2.13 | 1.08 | 0.55 | 0.57 | 1.46 |
| Dec 31, 2005 | 0.00 | 0.77 | 2.42 | 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 | 1.17 |
| Dec 31, 2021 | 0.50 | 1.09 |
| Dec 31, 2020 | 0.45 | 1.03 |
| Dec 31, 2019 | 0.62 | 1.04 |
| Dec 31, 2018 | 0.54 | 0.98 |
| Dec 31, 2017 | 0.79 | 1.10 |
| Dec 31, 2016 | 1.42 | 1.13 |
| Dec 31, 2015 | 1.38 | 1.03 |
| Dec 31, 2014 | 1.40 | 1.25 |
| Dec 31, 2013 | 1.31 | 1.22 |
| Dec 31, 2012 | 0.94 | 1.14 |
| Dec 31, 2011 | 0.63 | 1.17 |
| Dec 31, 2010 | 0.63 | 1.13 |
| Dec 31, 2009 | 0.63 | 1.17 |
| Dec 31, 2008 | 0.22 | 1.18 |
| Dec 31, 2007 | 0.06 | 1.15 |
| Dec 31, 2006 | 0.03 | 1.16 |
| Dec 31, 2005 | 0.00 | 1.03 |
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 | 0.75 |
| Dec 31, 2021 | 0.50 | 0.70 |
| Dec 31, 2020 | 0.45 | 0.64 |
| Dec 31, 2019 | 0.62 | 0.65 |
| Dec 31, 2018 | 0.54 | 0.68 |
| Dec 31, 2017 | 0.79 | 0.66 |
| Dec 31, 2016 | 1.42 | 0.67 |
| Dec 31, 2015 | 1.38 | 0.64 |
| Dec 31, 2014 | 1.40 | 0.69 |
| Dec 31, 2013 | 1.31 | 0.67 |
| Dec 31, 2012 | 0.94 | 0.67 |
| Dec 31, 2011 | 0.63 | 0.69 |
| Dec 31, 2010 | 0.63 | 0.68 |
| Dec 31, 2009 | 0.63 | 0.63 |
| Dec 31, 2008 | 0.22 | 0.80 |
| Dec 31, 2007 | 0.06 | 0.77 |
| Dec 31, 2006 | 0.03 | 0.74 |
| Dec 31, 2005 | 0.00 | 0.72 |
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).