Cohu Inc (COHU)
Total asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 629,363 | 683,338 | 741,439 | 791,525 | 809,990 | 809,089 | 824,680 | 925,739 | 948,812 | 964,541 | 892,945 | 714,217 | 627,430 | 567,086 | 556,311 | 560,509 | 568,943 | 597,569 | 543,374 | 501,974 |
| Total assets | US$ in thousands | 1,150,350 | 1,167,520 | 1,188,060 | 1,187,600 | 1,227,410 | 1,197,920 | 1,239,400 | 1,243,340 | 1,259,040 | 1,272,870 | 1,371,730 | 1,258,760 | 1,090,350 | 1,046,350 | 1,066,580 | 1,072,160 | 1,077,710 | 1,071,610 | 1,103,500 | 1,106,200 |
| Total asset turnover | 0.55 | 0.59 | 0.62 | 0.67 | 0.66 | 0.68 | 0.67 | 0.74 | 0.75 | 0.76 | 0.65 | 0.57 | 0.58 | 0.54 | 0.52 | 0.52 | 0.53 | 0.56 | 0.49 | 0.45 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $629,363K ÷ $1,150,350K
= 0.55
Cohu Inc's total asset turnover has shown fluctuation over the past few quarters. The ratio has ranged from 0.45 to 0.76, indicating the company's ability to generate sales from its total assets. A higher total asset turnover ratio suggests that the company is efficiently utilizing its assets to generate revenue.
In the most recent quarter, the total asset turnover ratio was 0.55, which is lower compared to the previous quarter's ratio of 0.59. This decrease may indicate a decrease in sales generated relative to the total assets employed during the period.
Overall, Cohu Inc's total asset turnover has shown some variability, and it would be important to further investigate the factors influencing these fluctuations to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023