Cohu Inc (COHU)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 627,391 | 809,990 | 948,697 | 623,954 | 562,949 |
| Total assets | US$ in thousands | 1,150,350 | 1,227,410 | 1,259,040 | 1,090,350 | 1,077,710 |
| Total asset turnover | 0.55 | 0.66 | 0.75 | 0.57 | 0.52 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $627,391K ÷ $1,150,350K
= 0.55
Total asset turnover is a measure of a company's ability to generate sales revenue from its total assets. It indicates how efficiently the company is utilizing its assets to generate revenue.
Cohu Inc's total asset turnover has shown fluctuations over the past five years. In 2023, the total asset turnover ratio was 0.55, indicating that for every dollar of assets owned, the company generated $0.55 in revenue. This represents a decrease from the previous year's ratio of 0.66.
The decrease in the total asset turnover ratio in 2023 could imply that Cohu Inc was less efficient in utilizing its assets to generate revenue compared to the previous year. Further analysis would be needed to identify the specific reasons for this decline and whether it is a long-term trend or a one-off fluctuation.
Overall, the trend in Cohu Inc's total asset turnover indicates a varying level of efficiency in utilizing its assets to generate sales revenue over the past five years. Potential causes of fluctuations could include changes in the company's business operations, asset base, or sales performance. It is important for stakeholders to closely monitor this ratio to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023