Diodes Incorporated (DIOD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,311,120 | 1,661,740 | 2,000,580 | 1,805,160 | 1,229,220 |
| Total assets | US$ in thousands | 2,386,280 | 2,367,660 | 2,288,310 | 2,194,500 | 1,979,460 |
| Total asset turnover | 0.55 | 0.70 | 0.87 | 0.82 | 0.62 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,311,120K ÷ $2,386,280K
= 0.55
The total asset turnover ratio for Diodes Incorporated has shown fluctuations over the past five years. It increased from 0.62 in December 31, 2020, to 0.82 in December 31, 2021, and further to 0.87 in December 31, 2022, indicating an improving efficiency in generating sales from its total assets. However, there was a slight decrease in 2023 to 0.70, followed by a more significant drop to 0.55 in 2024.
This downward trend in total asset turnover may suggest that the company's ability to utilize its assets to generate revenue has weakened. It could be due to various factors such as inefficient asset management, declining sales, or changing market conditions.
Diodes Incorporated should closely monitor its total asset turnover and take appropriate measures to enhance asset utilization efficiency to improve its overall financial performance and profitability in the future.
Peer comparison
Dec 31, 2024