Entegris Inc (ENTG)
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 | 3,241,208 | 3,203,662 | 3,284,207 | 3,372,555 | 3,523,926 | 3,657,705 | 3,763,294 | 3,554,783 | 3,282,033 | 2,971,167 | 2,556,832 | 2,435,695 | 2,298,893 | 2,181,283 | 2,082,777 | 1,959,830 | 1,859,313 | 1,768,717 | 1,681,877 | 1,612,346 |
| Total assets | US$ in thousands | 8,394,620 | 8,472,760 | 8,336,590 | 8,364,720 | 8,812,590 | 9,824,620 | 9,913,020 | 10,067,100 | 10,138,900 | 10,133,400 | 5,861,170 | 3,283,440 | 3,191,900 | 3,012,280 | 2,872,730 | 2,933,540 | 2,917,700 | 2,801,630 | 2,804,040 | 2,598,560 |
| Total asset turnover | 0.39 | 0.38 | 0.39 | 0.40 | 0.40 | 0.37 | 0.38 | 0.35 | 0.32 | 0.29 | 0.44 | 0.74 | 0.72 | 0.72 | 0.73 | 0.67 | 0.64 | 0.63 | 0.60 | 0.62 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,241,208K ÷ $8,394,620K
= 0.39
Entegris Inc's total asset turnover ratio has shown fluctuations over the period analyzed. The ratio started at 0.62 in March 31, 2020, indicating that the company generated $0.62 in revenue for every dollar of assets it had. From there, the ratio declined slightly to 0.60 by June 30, 2020, before increasing to 0.64 by December 31, 2020, and further to 0.73 by June 30, 2021.
During the second half of 2021 and into 2022, the total asset turnover ratio remained relatively stable around the range of 0.72 to 0.74, indicating that the company was efficiently utilizing its assets to generate revenue. However, there was a significant decline in the ratio to 0.29 by September 30, 2022, and a subsequent increase to 0.40 by December 31, 2024.
The decrease in the total asset turnover ratio in the latter part of 2022 and the subsequent recovery by the end of 2024 may suggest fluctuations in the company's ability to efficiently generate revenue from its assets. Further analysis would be needed to understand the factors contributing to these fluctuations and whether they are indicative of underlying operational issues or strategic shifts within the company.
Peer comparison
Dec 31, 2024