Tactile Systems Technology Inc

NASDAQ TCMD

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Tactile Systems Technology Inc Asset Turnover Ratio 5 year CAGR for the year ending December 31, 2023: -4.45%

Tactile Systems Technology Inc Asset Turnover Ratio 5 year CAGR is -4.45% for the year ending December 31, 2023, a -34.64% change year over year. The asset turnover ratio measures a company's efficiency in utilizing its assets to generate revenue. It is calculated by dividing the company's revenue by the average of its total assets and total non-current assets. This ratio indicates how effectively a company generates sales from its asset base. A higher ratio implies better asset utilization and revenue generation, while a lower ratio may suggest underutilization of assets or inefficient operations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Tactile Systems Technology Inc Asset Turnover Ratio for the year ending December 31, 2022 was 1.91, a 13.87% change year over year.
Tactile Systems Technology Inc Asset Turnover Ratio for the year ending December 31, 2021 was 1.68, a -20.90% change year over year.
Tactile Systems Technology Inc Asset Turnover Ratio for the year ending December 31, 2020 was 2.12.

NASDAQ: TCMD

Tactile Systems Technology Inc

CEO	Mr. Daniel L. Reuvers
IPO Date	July 28, 2016
Location	United States
Headquarters	3701 Wayzata Boulevard, Minneapolis, MN, United States, 55416
Employees	992
Sector	Healthcare
Industry	Medical devices

Description

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers. The company also provides Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, and treatment, as well as to share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest to treat patients with retained pulmonary secretions resulting from bronchiectasis, cystic fibrosis, and various neuromuscular disorders. Tactile Systems Technology, Inc. was incorporated in 1995 and is headquartered in Minneapolis, Minnesota.

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