Coherent Inc (COHR)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,412,030 | 4,867,480 | 3,194,080 | 3,014,630 | 2,274,090 |
| Total assets | US$ in thousands | 14,488,600 | 13,711,100 | 7,844,850 | 6,512,650 | 5,234,710 |
| Total asset turnover | 0.30 | 0.36 | 0.41 | 0.46 | 0.43 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,412,030K ÷ $14,488,600K
= 0.30
The total asset turnover of Coherent Inc has been showing a declining trend over the past five years, decreasing from 0.43 in 2020 to 0.30 in 2024. This indicates that the company is generating less revenue per dollar of total assets employed in its operations. A lower total asset turnover may suggest inefficiencies in asset utilization or declining sales relative to the size of the asset base. It is important for the company to closely monitor and analyze the factors contributing to this declining ratio to identify areas for improvement and enhance overall operational efficiency.
Peer comparison
Jun 30, 2024