Somalogic Inc Asset Turnover Ratio (SLGC), as of third quarter 2023, current and historic results, rankings and more - CSIMarket
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Somalogic Inc   (NASDAQ: SLGC)
    Sector  Healthcare    Industry Medical Laboratories
   Industry Medical Laboratories
   Sector  Healthcare
 

Somalogic Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Somalogic Inc 's asset turnover ratio, the ratio that measures the ability of Somalogic Inc 's assets to generate revenue, sequentially decreased to 0.14 in the third quarter (Sep 30 2023), but it does not raise any concerns as Somalogic Inc continue to execute well, and the asset turnover ratio remains above the average.

Within sector 29 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Third Quarter 2023 compared to the preceding quarter from 3158 to 3225.

Asset Turnover Ratio Definition



SLGC Asset Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Asset Change -17.9 % -14.43 % -13.64 % -8 % -3.87 %
Y / Y Revenue Change -47.14 % 44.71 % -11.32 % -18.11 % 108.65 %
Asset Turnover Ratio (TTM) 0.14 0.16 0.14 0.14 0.15
SLGC's Total Ranking # 3225 # 3158 # 3167 # 3156 # 3073
Seq. Asset Change -3.41 % -4.68 % -5.19 % -5.95 % 0.68 %
Seq. Revenue Change 7.72 % 0.44 % 8.23 % -54.86 % 194.92 %



Asset Turnover Ratio Company Ranking
Within: No.
Medical Laboratories Industry # 30
Healthcare Sector # 500
Overall Market # 3225

Asset Turnover Ratio Statistics
High Average Low
0.16 0.12 0.05
(Jun 30 2023)   (Jun 30 2022)







Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Healthcare Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Assets at quarter ending Sep 30 2023
Catalent Inc   0.39 $ 4,223.000  Millions$ 10,694.250  Millions
Transmedics Group Inc   0.39 $ 191.824  Millions$ 485.955  Millions
Eargo Inc   0.39 $ 39.694  Millions$ 100.973  Millions
Envista Holdings Corporation  0.39 $ 2,581.700  Millions$ 6,613.250  Millions
Biogen Inc   0.39 $ 9,993.300  Millions$ 25,625.625  Millions
Illumina Inc   0.39 $ 4,466.000  Millions$ 11,489.750  Millions
Sonida Senior Living Inc   0.39 $ 249.127  Millions$ 645.291  Millions
Macrogenics Inc   0.38 $ 121.128  Millions$ 317.398  Millions
Exact Sciences Corporation  0.38 $ 2,413.259  Millions$ 6,326.899  Millions
Enovis Corp  0.38 $ 1,660.189  Millions$ 4,354.326  Millions
Revance Therapeutics Inc   0.38 $ 214.162  Millions$ 564.931  Millions
Endo International Plc  0.38 $ 2,069.596  Millions$ 5,499.737  Millions
Sonendo Inc   0.37 $ 42.498  Millions$ 113.416  Millions
Outset Medical Inc   0.37 $ 131.334  Millions$ 351.193  Millions
Beone Medicines Ltd   0.37 $ 2,204.465  Millions$ 5,897.420  Millions
Dynavax Technologies Corporation  0.37 $ 360.180  Millions$ 966.284  Millions
Logicmark Inc  0.37 $ 9.650  Millions$ 25.973  Millions
Avinger Inc   0.37 $ 7.318  Millions$ 19.863  Millions
Seres Therapeutics Inc   0.37 $ 127.236  Millions$ 348.266  Millions
Fortress Biotech Inc   0.36 $ 80.971  Millions$ 222.280  Millions
Clever Leaves Holdings Inc   0.36 $ 16.260  Millions$ 44.736  Millions
Becton Dickinson And Company  0.36 $ 19,372.000  Millions$ 53,330.000  Millions
Procept Biorobotics Corporation  0.36 $ 116.159  Millions$ 321.840  Millions
Quidelortho Corp  0.36 $ 3,121.741  Millions$ 8,683.075  Millions
Sarepta Therapeutics Inc   0.36 $ 1,104.982  Millions$ 3,105.937  Millions
Biolife Solutions Inc   0.36 $ 154.798  Millions$ 435.257  Millions
Immucell Corporation  0.36 $ 15.668  Millions$ 44.134  Millions
Teva Pharmaceutical Industries Limited  0.35 $ 15,272.000  Millions$ 43,166.750  Millions
Biomarin Pharmaceutical Inc  0.35 $ 2,310.557  Millions$ 6,532.526  Millions
Impel Pharmaceuticals Inc   0.35 $ 20.537  Millions$ 58.290  Millions



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