Cohu Inc (COHU)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 401,779 | 636,322 | 812,775 | 887,214 | 636,007 |
| Property, plant and equipment | US$ in thousands | — | — | 65,011 | 89,017 | 66,916 |
| Fixed asset turnover | — | — | 12.50 | 9.97 | 9.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $401,779K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. It indicates how efficiently a company is using its fixed assets to generate sales.
Looking at the data provided for Cohu Inc, we can observe an increasing trend in the fixed asset turnover ratio over the years. In 2020, the ratio was 9.50, which indicates that Cohu generated $9.50 in revenue for every dollar invested in fixed assets. This ratio improved to 9.97 in 2021 and further increased to 12.50 in 2022, showing that the company is becoming more efficient in utilizing its fixed assets to generate sales.
However, it is worth noting that the data for 2023 and 2024 is not available (denoted by "—"), which limits a comprehensive analysis for those years. In general, a higher fixed asset turnover ratio is favorable as it reflects better asset utilization and efficiency in operations. This increasing trend in Cohu's fixed asset turnover suggests that the company is managing its fixed assets effectively and generating more revenue from them.
Peer comparison
Dec 31, 2024