Benchmark Electronics Inc (BHE)

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	2,656,105	2,690,572	2,752,520	2,819,856	2,838,976	2,898,266	2,950,146	2,944,943	2,886,331	2,768,741	2,569,048	2,385,681	2,255,319	2,143,515	2,097,584	2,043,888	2,053,131	2,040,325	2,069,603	2,180,239
Total assets	US$ in thousands	2,139,460	2,149,000	2,154,740	2,212,810	2,274,760	2,333,140	2,307,460	2,278,650	2,227,330	2,276,510	2,166,780	2,002,560	1,903,880	1,840,370	1,818,790	1,760,750	1,744,240	1,734,510	1,758,040	1,823,380
Total asset turnover		1.24	1.25	1.28	1.27	1.25	1.24	1.28	1.29	1.30	1.22	1.19	1.19	1.18	1.16	1.15	1.16	1.18	1.18	1.18	1.20

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,656,105K ÷ $2,139,460K
= 1.24

The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate sales revenue. A higher ratio indicates that the company is efficiently using its assets to generate sales.

Analyzing Benchmark Electronics Inc's total asset turnover ratio over the given periods, we observe fluctuations in the ratio. From March 31, 2020, to December 31, 2021, the ratio remained relatively stable, ranging between 1.16 and 1.18. This suggests that Benchmark Electronics Inc was consistently generating revenue in relation to its total assets during this period.

However, there was a noticeable increase in total asset turnover from March 31, 2022, to December 31, 2022, where the ratio rose from 1.19 to 1.30. This indicates an improvement in the company's efficiency in utilizing its assets to generate sales revenue.

Subsequently, the total asset turnover ratio declined gradually from March 31, 2023, to December 31, 2024, fluctuating between 1.24 and 1.28. Although the ratio decreased slightly compared to the peak in 2022, the company still maintained a relatively efficient use of its assets to generate revenue during the latter part of the period.

Overall, Benchmark Electronics Inc's total asset turnover ratio displayed some fluctuations but generally indicated a decent efficiency in utilizing its assets to generate sales revenue over the analyzed periods.