FormFactor Inc (FORM)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	732,076	662,117	669,597	715,987	745,371	785,746	794,842	779,014	768,638	761,607	749,597	719,290	693,331	674,206	636,585	616,428	587,310	549,284	543,314	540,417
Total assets	US$ in thousands	1,106,790	1,032,970	1,025,140	1,019,760	1,008,230	1,022,360	1,042,450	1,056,880	1,020,520	1,006,590	988,546	980,211	963,217	915,607	884,234	849,379	839,882	793,605	757,569	756,621
Total asset turnover		0.66	0.64	0.65	0.70	0.74	0.77	0.76	0.74	0.75	0.76	0.76	0.73	0.72	0.74	0.72	0.73	0.70	0.69	0.72	0.71

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $732,076K ÷ $1,106,790K
= 0.66

FormFactor Inc's total asset turnover ratio provides insights into the company's efficiency in generating sales revenue relative to its total assets. Over the period analyzed, the total asset turnover has shown some fluctuations.

The trend indicates that FormFactor Inc's ability to efficiently utilize its assets to generate revenue has varied, with the ratio ranging from 0.64 to 0.77. Generally, a higher total asset turnover ratio suggests that the company is more efficient in utilizing its assets to generate revenue.

The company's performance in the most recent quarters (Dec 2023 and Sep 2023) appears to have declined slightly compared to the earlier quarters in 2022 where the ratio was higher, around 0.74 to 0.77.

It would be advisable for FormFactor Inc to further analyze the factors contributing to these fluctuations in total asset turnover and potentially implement strategies to improve asset utilization efficiency in order to enhance overall profitability and return on investment.