Coherent Inc (COHR)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,423,018 | 4,299,508 | 4,340,458 | 4,597,078 | 4,934,810 | 4,651,274 | 4,272,489 | 3,735,009 | 3,202,059 | 3,158,235 | 3,142,576 | 3,124,028 | 3,042,393 | 2,969,222 | 2,797,167 | 2,663,756 | 2,289,531 | 1,925,884 | 1,664,222 | 1,363,540 |
| Total assets | US$ in thousands | 14,488,600 | 14,520,400 | 14,662,900 | 13,521,300 | 13,711,100 | 14,117,600 | 14,108,900 | 13,830,600 | 7,844,850 | 7,767,200 | 7,649,280 | 6,515,860 | 6,512,650 | 6,361,720 | 5,646,560 | 5,470,620 | 5,234,710 | 5,106,820 | 5,208,210 | 5,370,690 |
| Total asset turnover | 0.31 | 0.30 | 0.30 | 0.34 | 0.36 | 0.33 | 0.30 | 0.27 | 0.41 | 0.41 | 0.41 | 0.48 | 0.47 | 0.47 | 0.50 | 0.49 | 0.44 | 0.38 | 0.32 | 0.25 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,423,018K ÷ $14,488,600K
= 0.31
Total asset turnover measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales.
In the case of Coherent Inc, the total asset turnover has fluctuated over the past few quarters, ranging from 0.25 to 0.50. The trend shows some variability in the company's asset utilization efficiency. In the most recent quarter, the total asset turnover was 0.31, which suggests that for every dollar of total assets, the company generated $0.31 of sales revenue.
It is important to consider the industry benchmark and compare Coherent Inc's total asset turnover with its competitors to gain a better understanding of its performance in asset utilization. Additionally, analyzing other financial metrics alongside total asset turnover can provide a more comprehensive view of the company's overall financial health and operational efficiency.
Peer comparison
Jun 30, 2024