Benchmark Electronics Inc (BHE)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,656,100	2,838,980	2,886,330	2,255,320	2,053,130
Total assets	US$ in thousands	2,139,460	2,274,760	2,227,330	1,903,880	1,744,240
Total asset turnover		1.24	1.25	1.30	1.18	1.18

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,656,100K ÷ $2,139,460K
= 1.24

Benchmark Electronics Inc's total asset turnover ratio has shown stability over the past five years, ranging from 1.18 in 2020 and 2021 to a high of 1.30 in 2022, before slightly decreasing to 1.25 in 2023 and further to 1.24 in 2024.

This indicates that the company is efficiently generating sales revenue relative to its total assets, with a higher ratio implying that Benchmark is utilizing its assets effectively to generate revenue.

The consistent performance of total asset turnover suggests that Benchmark Electronics has been able to maintain a steady level of productivity in utilizing its assets to drive sales over the years. However, a slight decline in the ratio in the recent years may warrant further investigation to ensure efficient asset utilization for sustained profitability and growth.