Cohu Inc (COHU)
Total 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 |
| Total assets | US$ in thousands | 999,415 | 1,032,350 | 1,039,030 | 1,074,450 | 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 | 1,095,510 | 1,046,350 | 1,066,580 | 1,072,160 |
| Total asset turnover | 0.40 | 0.43 | 0.48 | 0.53 | 0.55 | 0.59 | 0.63 | 0.67 | 0.66 | 0.68 | 0.67 | 0.69 | 0.70 | 0.71 | 0.60 | 0.57 | 0.58 | 0.55 | 0.53 | 0.54 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $401,779K ÷ $999,415K
= 0.40
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
Analyzing Cohu Inc's total asset turnover from March 31, 2020, to December 31, 2024, shows a fluctuating trend. The ratio started at 0.54 in March 2020, decreased to 0.53 by June 2020, and then gradually increased over the quarters, reaching a peak of 0.71 in September 2021.
Subsequently, the total asset turnover ratio began to decline, dropping to 0.40 by December 31, 2024. This decreasing trend could suggest potential issues with asset management efficiency or declining revenue generation relative to the size of the asset base.
Overall, Cohu Inc's total asset turnover ratio has shown volatility over the analyzed period, indicating fluctuations in how effectively the company is utilizing its assets to generate sales. Further investigation into the underlying factors impacting this ratio's movements may be necessary to assess the company's operational performance accurately.
Peer comparison
Dec 31, 2024