Entegris Inc (ENTG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,241,210 | 3,523,930 | 3,282,030 | 2,298,890 | 1,859,310 |
| Total assets | US$ in thousands | 8,394,620 | 8,812,590 | 10,138,900 | 3,191,900 | 2,917,700 |
| Total asset turnover | 0.39 | 0.40 | 0.32 | 0.72 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,241,210K ÷ $8,394,620K
= 0.39
Entegris Inc's total asset turnover ratio has fluctuated over the years based on the provided data.
As of December 31, 2020, the total asset turnover ratio was 0.64, indicating that the company generated $0.64 in revenue for every $1 of total assets it owned. This ratio increased to 0.72 by December 31, 2021, suggesting improved efficiency in generating revenue from its assets.
However, there was a significant decline in total asset turnover to 0.32 by December 31, 2022. This could imply a decrease in the company's ability to generate sales relative to its total assets.
The ratio slightly improved to 0.40 by December 31, 2023, but it remained below the 2021 level. Subsequently, by December 31, 2024, the total asset turnover ratio was 0.39, reflecting a slight decrease compared to the previous year.
Overall, the trend in Entegris Inc's total asset turnover indicates fluctuations in asset utilization efficiency, with a noticeable decline in 2022 and marginal improvements in the following years. Monitoring this ratio can provide insights into the company's operational efficiency and its ability to generate revenue from its asset base.
Peer comparison
Dec 31, 2024