Thorne Healthtech Inc Asset Turnover Ratio (THRN), as of second quarter 2023, current and historic results, rankings and more - CSIMarket
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• Sales per Employee
• Income per Employee
• Inventory Turnover
• Asset Turnover
• Receivables Turnover
Thorne Healthtech Inc   (NASDAQ: THRN)
 

Thorne Healthtech Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Due to the increase in investments during the second quarter 2023, Thorne Healthtech Inc 's asset turnover ratio sequentially decreased to 1.19 in the second quarter (Jun 30 2023), but remained above the company's average. For every Dollar on the Balance Sheet, Thorne Healthtech Inc realized $1.19 in annual sales.

Within sector 15 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 Second Quarter 2023 compared to the preceding quarter from 708 to 890.

Asset Turnover Ratio Definition


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THRN Asset Turnover Ratio (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter		 (Sep 30 2022)
III. Quarter		 (Jun 30 2022)
II. Quarter
Y / Y Asset Change 42.05 % 30.65 % 32.15 % -0.77 % 73.61 %
Y / Y Revenue Change 29.69 % 19.33 % 19.48 % 21.68 % 30.72 %
Asset Turnover Ratio (TTM) 1.19 1.22 1.25 1.29 1.22
THRN's Total Ranking # 890 # 708 # 890 # 870 # 871
Seq. Asset Change 11.68 % 5.68 % 20.14 % 0.18 % 2.72 %
Seq. Revenue Change 11.46 % 9.5 % 1.98 % 4.19 % 2.56 %



Asset Turnover Ratio Company Ranking
Within: No.
Major Pharmaceutical Preparations Industry # 16
Healthcare Sector # 67
Overall Market # 890

Asset Turnover Ratio Statistics
High Average Low
1.15 0.92 0.6
(Dec 31 2022)   (Jun 30 2022)




THRN Company Profile • Back to THRN Efficiency Comparisons • Compare THRN Asset Turnover Ratio to its Competitors



Companies with similar Asset Turnover Ratio for the quarter ending Jun 30 2023, within Healthcare Sector Asset Turnover Ratio Revenues for 12 Months ending Jun 30 2023 Assets at quarter ending Jun 30 2023
Escalon Medical Corp   2.44 $ 12.180  Millions$ 4.999  Millions
Scienture Holdings Inc   2.33 $ 9.443  Millions$ 4.046  Millions
Healthcare Services Group Inc   2.29 $ 1,674.669  Millions$ 730.347  Millions
Patterson Companies Inc   2.25 $ 6,524.261  Millions$ 2,896.309  Millions
Aridis Pharmaceuticals Inc   2.09 $ 22.341  Millions$ 10.683  Millions
Interpace Biosciences Inc   2.08 $ 32.771  Millions$ 15.773  Millions
Sunlink Health Systems Inc   1.93 $ 48.489  Millions$ 25.173  Millions
Integrated Biopharma Inc  1.91 $ 50.061  Millions$ 26.182  Millions
Hims and Hers Health Inc   1.87 $ 709.967  Millions$ 378.840  Millions
Nature s Sunshine Products inc   1.87 $ 431.513  Millions$ 231.006  Millions
Agilon Health Inc   1.81 $ 3,669.831  Millions$ 2,022.773  Millions
Kewaunee Scientific Corporation  1.80 $ 218.285  Millions$ 121.155  Millions
Privia Health Group Inc   1.77 $ 1,506.950  Millions$ 853.379  Millions
Mimedx Group Inc   1.71 $ 294.997  Millions$ 172.191  Millions
Rockwell Medical inc   1.67 $ 74.722  Millions$ 44.833  Millions
Encision Inc   1.64 $ 6.848  Millions$ 4.183  Millions
Vycor Medical Inc   1.61 $ 1.425  Millions$ 0.888  Millions
Progyny Inc   1.60 $ 956.727  Millions$ 596.173  Millions
Champions Oncology Inc   1.55 $ 52.686  Millions$ 33.990  Millions
Cano Health Inc   1.53 $ 2,978.861  Millions$ 1,944.191  Millions
Chemed Corporation  1.53 $ 2,187.099  Millions$ 1,433.643  Millions
International Stem Cell Corporation  1.51 $ 8.060  Millions$ 5.326  Millions
Biofrontera Inc   1.51 $ 69.770  Millions$ 46.203  Millions
Henry Schein Inc   1.45 $ 12,598.000  Millions$ 8,714.750  Millions
Zynex inc   1.43 $ 177.447  Millions$ 123.882  Millions
Myomo Inc   1.36 $ 16.737  Millions$ 12.338  Millions
Neptune Wellness Solutions Inc   1.34 $ 46.971  Millions$ 35.123  Millions
Iridex Corp  1.33 $ 54.956  Millions$ 41.292  Millions
Procyon Corporation  1.31 $ 4.687  Millions$ 3.578  Millions
Option Care Health Inc   1.31 $ 4,133.051  Millions$ 3,159.375  Millions



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