Advanced Energy Industries Inc (AEIS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,638,800 | 1,842,780 | 1,450,490 | 1,409,450 | 801,389 |
| Total assets | US$ in thousands | 2,556,760 | 1,992,170 | 1,817,340 | 1,647,660 | 1,532,410 |
| Total asset turnover | 0.64 | 0.93 | 0.80 | 0.86 | 0.52 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,638,800K ÷ $2,556,760K
= 0.64
Advanced Energy Industries Inc.'s total asset turnover has fluctuated over the past five years. The ratio was 0.65 in 2023, a decrease from 0.93 in 2022. This decline indicates that the company generated $0.65 in sales for every dollar invested in total assets in 2023, showing a less efficient use of assets compared to the previous year. However, it is important to note that asset turnover ratios can vary across industries, and a lower ratio may not always indicate a negative trend. Further analysis is recommended to assess the company's overall financial performance and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2023