Advanced Energy Industries Inc (AEIS)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,482,042 | 1,471,910 | 1,507,684 | 1,558,245 | 1,655,810 | 1,741,279 | 1,847,562 | 1,873,003 | 1,845,422 | 1,751,612 | 1,581,431 | 1,501,793 | 1,455,954 | 1,429,993 | 1,473,421 | 1,451,990 | 1,415,826 | 1,383,125 | 1,168,731 | 963,661 |
| Total assets | US$ in thousands | 2,261,890 | 2,192,860 | 2,541,860 | 2,524,090 | 2,556,760 | 2,493,690 | 1,949,910 | 2,008,700 | 1,992,170 | 1,974,060 | 1,878,070 | 1,832,360 | 1,817,340 | 1,832,060 | 1,776,230 | 1,699,250 | 1,648,640 | 1,642,520 | 1,594,250 | 1,522,550 |
| Total asset turnover | 0.66 | 0.67 | 0.59 | 0.62 | 0.65 | 0.70 | 0.95 | 0.93 | 0.93 | 0.89 | 0.84 | 0.82 | 0.80 | 0.78 | 0.83 | 0.85 | 0.86 | 0.84 | 0.73 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,482,042K ÷ $2,261,890K
= 0.66
Advanced Energy Industries Inc's total asset turnover has shown fluctuations over the periods outlined in the data. Generally, the total asset turnover ratio represents the company's efficiency in generating sales revenue from its assets.
From March 31, 2020, to June 30, 2022, the total asset turnover improved steadily from 0.63 to 0.84 before peaking at 0.93 on March 31, 2023. This indicates the company was effectively utilizing its assets to generate sales during this period.
However, there was a decline in total asset turnover from June 30, 2023, to June 30, 2024, dropping to 0.59, which may signify a decrease in efficiency in asset utilization for sales generation.
The ratio showed some recovery by the end of December 31, 2024, with a total asset turnover of 0.66. It is essential for investors and analysts to further evaluate the reasons behind these fluctuations to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024