Cohu Inc (COHU)
Fixed 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 | 401,779 | 444,883 | 500,345 | 564,565 | 636,322 | 690,201 | 746,084 | 794,389 | 812,775 | 813,530 | 831,906 | 859,483 | 887,214 | 897,709 | 823,293 | 722,574 | 636,007 | 575,663 | 568,514 | 574,441 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 66,626 | 67,208 | 65,011 | 84,128 | 85,666 | 63,912 | 89,017 | 91,432 | 91,871 | 95,693 | 66,916 | 64,546 | 65,805 | 64,688 |
| Fixed asset turnover | — | — | — | — | — | — | 11.20 | 11.82 | 12.50 | 9.67 | 9.71 | 13.45 | 9.97 | 9.82 | 8.96 | 7.55 | 9.50 | 8.92 | 8.64 | 8.88 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $401,779K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. The ratio is calculated by dividing net sales by average fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.
Analyzing Cohu Inc's fixed asset turnover ratio from March 31, 2020, to June 30, 2024, we observed fluctuations in the ratio over time. The ratio started at 8.88 on March 31, 2020, showing that for every dollar of fixed assets, Cohu generated $8.88 in sales. The ratio then fluctuated between 7.55 and 9.97 over the next few quarters, indicating some variability in the company's efficiency in utilizing its fixed assets during this period.
Notably, the fixed asset turnover ratio showed significant improvement on March 31, 2022, reaching 13.45, which suggested a better efficiency in utilizing fixed assets to generate revenue. However, the ratio decreased to 9.67 on September 30, 2022, and further to 9.67 on December 31, 2022, indicating a decline in efficiency during those periods.
For the last reported periods of March 31, 2023, and June 30, 2023, the fixed asset turnover ratios stood at 11.82 and 11.20, respectively, showing a relatively stable performance in utilizing fixed assets to generate sales.
It is important to note that the data is unavailable for the periods beyond June 30, 2023, which limits the ability to provide a complete analysis of Cohu Inc's fixed asset turnover ratio in the upcoming quarters. Further analysis and monitoring of this ratio will be essential to understand the company's efficiency in managing its fixed assets and generating revenue in the future.
Peer comparison
Dec 31, 2024