FormFactor Inc (FORM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 763,599 | 663,102 | 747,937 | 769,674 | 693,616 |
| Property, plant and equipment | US$ in thousands | — | — | 189,848 | 181,765 | 104,103 |
| Fixed asset turnover | — | — | 3.94 | 4.23 | 6.66 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $763,599K ÷ $—K
= —
FormFactor Inc's fixed asset turnover has shown a declining trend over the past few years. In 2020, the company had a fixed asset turnover of 6.66, indicating that it generated $6.66 in revenue for every dollar invested in fixed assets. However, by the end of 2022, the fixed asset turnover had decreased to 3.94, suggesting a decrease in efficiency in utilizing fixed assets to generate revenue.
The absence of data for 2023 and 2024 makes it challenging to assess the trend accurately. The lack of values for these years could be due to various reasons such as changes in accounting practices or reporting delays. To better understand the company's performance, it would be essential to further investigate the factors contributing to the declining fixed asset turnover trend and potentially take corrective actions to improve efficiency in asset utilization.
Peer comparison
Dec 31, 2024