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Asset turnover at other companies

Merck & Co. logo
Merck & Co.MRK
0.5×0.0×
Exelixis logo
ExelixisEXEL
0.9×+0.1×
Incyte logo
IncyteINCY
0.8×+0.1×
Roivant Sciences logo
Roivant SciencesROIV
0.0×
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
0.5×0.0×
AbbVie logo
AbbVieABBV
0.5×+0.1×

Other financials

Income statement

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Revenue-
Operating income-$65.6M-81.2%
Net income-$189.4M-201%
EPS (diluted)-$0.24-167%

Balance sheet

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Cash & equivalents$8.2M+7.2%
Total debt$20.0M+211%
Total equity$545.9M+58.5%
Total assets$647.9M+68.8%

Cash flow

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Operating cash flow-$122.3M-99.9%
CapEx$245.0K-41.9%
Free cash flow-$122.5M-99.0%

Valuation

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Market cap$10.67B+3.3%
Enterprise value$10.68B+3.4%

Profitability

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Operating margin-268,266.8%-272,316pp
Net margin-271,685%-275,966pp
FCF margin-5,931.6%+4,730pp

Returns & leverage

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Return on equity-271%-1,725pp
Debt / equity0.0×
Current ratio7.4×-3.2×

Where this comes from

Calculated from Summit Therapeutics’s reported figures.

Based on trailing twelve months.

The official record: Summit Therapeutics’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Summit Therapeutics's asset turnover?
Summit Therapeutics (SMMT) reported asset turnover of 0× in Q4 2023.
How has Summit Therapeutics's asset turnover changed year-over-year?
Summit Therapeutics's asset turnover decreased by 100.0% year-over-year, from 0× to 0×.
What is the long-term trend for Summit Therapeutics's asset turnover?
Over 3 years (2020 to 2023), Summit Therapeutics's asset turnover has grown at a -100.0% compound annual growth rate (CAGR), from 0× to 0×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.