Advanced Energy Industries Inc (AEIS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,482,040 | 1,655,810 | 1,845,420 | 1,455,950 | 1,415,830 |
| Total assets | US$ in thousands | 2,261,890 | 2,556,760 | 1,992,170 | 1,817,340 | 1,648,640 |
| Total asset turnover | 0.66 | 0.65 | 0.93 | 0.80 | 0.86 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,482,040K ÷ $2,261,890K
= 0.66
Advanced Energy Industries Inc's total asset turnover has shown fluctuating trends over the past five years. As of December 31, 2020, the total asset turnover stood at 0.86, indicating that the company generated $0.86 in revenue for every dollar of assets.
However, there was a slight decrease in total asset turnover to 0.80 by December 31, 2021, suggesting a potential inefficiency in asset utilization. The company managed to improve its total asset turnover to 0.93 by December 31, 2022, showcasing a more efficient use of assets to generate revenue.
Unfortunately, Advanced Energy Industries Inc experienced a significant drop in total asset turnover to 0.65 by December 31, 2023, which may indicate challenges in effectively leveraging its assets. The trend continued with a marginal decrease to 0.66 by December 31, 2024.
Overall, the varying total asset turnover ratios highlight the importance of closely monitoring asset efficiency and management practices to enhance the company's financial performance and profitability.
Peer comparison
Dec 31, 2024