FormFactor Inc (FORM)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 733,352 | 744,811 | 767,046 | 693,269 | 586,655 |
| Total assets | US$ in thousands | 1,106,790 | 1,008,230 | 1,020,520 | 963,217 | 839,882 |
| Total asset turnover | 0.66 | 0.74 | 0.75 | 0.72 | 0.70 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $733,352K ÷ $1,106,790K
= 0.66
FormFactor Inc's total asset turnover ratio has exhibited a fluctuating trend over the past five years. The ratio decreased from 0.70 in 2019 to 0.66 in 2023, with fluctuations in between. This indicates that the company generates $0.66 in revenue for every $1 of total assets in 2023. While the ratio has experienced some variability, it generally remains below 1, suggesting that the company may not be efficiently utilizing its assets to generate revenue. Further analysis and comparison with industry standards may be necessary to determine the effectiveness of FormFactor Inc's asset management strategies.
Peer comparison
Dec 31, 2023