Advanced Energy Industries Inc (AEIS)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,639,083 | 1,729,945 | 1,837,914 | 1,864,718 | 1,838,443 | 1,745,464 | 1,576,116 | 1,496,837 | 1,451,137 | 1,425,066 | 1,468,727 | 1,447,130 | 1,409,954 | 1,378,932 | 1,164,898 | 961,575 | 789,424 | 605,317 | 603,631 | 664,251 |
| Total assets | US$ in thousands | 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 | 1,647,660 | 1,642,520 | 1,594,250 | 1,522,550 | 1,532,410 | 1,595,420 | 865,768 | 856,950 |
| Total asset turnover | 0.64 | 0.69 | 0.94 | 0.93 | 0.92 | 0.88 | 0.84 | 0.82 | 0.80 | 0.78 | 0.83 | 0.85 | 0.86 | 0.84 | 0.73 | 0.63 | 0.52 | 0.38 | 0.70 | 0.78 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,639,083K ÷ $2,556,760K
= 0.64
Advanced Energy Industries Inc.'s total asset turnover has shown variability over the past eight quarters. The ratio ranged from a low of 0.65 in Q4 2023 to a high of 0.95 in Q2 2023. The company's ability to generate sales in relation to its total assets has fluctuated throughout this period. Generally, a higher total asset turnover ratio indicates that the company is using its assets more efficiently to generate revenue.
In particular, the significant increase in total asset turnover from Q4 2023 to Q2 2023 suggests that the company improved its efficiency in utilizing its assets to generate sales during this period. However, the subsequent decrease in the ratio in Q3 and Q4 2023 could indicate a potential decline in asset utilization efficiency.
It is essential for Advanced Energy Industries Inc. to closely monitor its total asset turnover ratio to ensure optimal efficiency in utilizing its assets to generate revenue. Periodic fluctuations in this ratio may require further investigation to identify the underlying reasons and implement strategies to improve asset turnover in the long term.
Peer comparison
Dec 31, 2023