Ichor Holdings Ltd (ICHR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 849,040 | 811,120 | 1,280,070 | 1,096,920 | 914,236 |
| Property, plant and equipment | US$ in thousands | — | — | 98,055 | 114,993 | 41,811 |
| Fixed asset turnover | — | — | 13.05 | 9.54 | 21.87 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $849,040K ÷ $—K
= —
The fixed asset turnover ratio of Ichor Holdings Ltd has experienced fluctuations over the years. In December 31, 2020, the ratio was exceptionally high at 21.87, indicating that the company generated $21.87 in net sales for every dollar invested in fixed assets. However, by December 31, 2021, the ratio dropped significantly to 9.54, suggesting a decrease in efficiency in utilizing fixed assets to generate revenue.
In the following year, December 31, 2022, the fixed asset turnover ratio improved to 13.05, indicating a better utilization of fixed assets to generate sales compared to the previous year. However, the data for December 31, 2023, and December 31, 2024 were not available (denoted as "—"), which limits our ability to assess the company's performance accurately during those periods.
Overall, the trend in Ichor Holdings Ltd's fixed asset turnover ratio shows variability, with periods of both high and low efficiency in utilizing fixed assets to generate sales. It would be important for stakeholders to further investigate the reasons behind these fluctuations to assess the company's operational performance and efficiency in managing its fixed assets.
Peer comparison
Dec 31, 2024