Ichor Holdings Ltd (ICHR)

Fixed 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	849,040	819,230	804,852	786,633	811,120	909,359	1,068,241	1,212,793	1,280,069	1,265,537	1,172,749	1,125,497	1,096,917	1,054,695	1,019,518	958,774	914,236	858,625	785,403	703,034
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	98,914	101,481	98,055	95,577	127,252	86,003	114,993	53,087	61,707	46,849	41,811	44,574	57,650	57,471
Fixed asset turnover		—	—	—	—	—	—	10.80	11.95	13.05	13.24	9.22	13.09	9.54	19.87	16.52	20.47	21.87	19.26	13.62	12.23

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $849,040K ÷ $—K
= —

The fixed asset turnover ratio of Ichor Holdings Ltd has shown fluctuations over the past few years, indicating variations in the company's ability to generate revenue from its fixed assets. The ratio was relatively high in 2020 and 2021, peaking at 21.87 in December 2020, which suggests that the company was efficiently utilizing its fixed assets to generate sales revenue.

However, there was a notable decline in the fixed asset turnover ratio in the following periods, with a significant drop to 9.54 in December 2021. This decrease may indicate a decrease in productivity or sales generated from the company's fixed assets during that period.

Subsequently, the fixed asset turnover ratio recovered in the first half of 2022, showing a slight improvement. However, it dropped again to 9.22 in June 2022 before picking up to 13.24 in September 2022. This fluctuation might suggest that Ichor Holdings Ltd experienced some challenges in optimizing the use of its fixed assets during this period.

Overall, the variability in the fixed asset turnover ratio of Ichor Holdings Ltd highlights the importance of monitoring and managing the efficiency of the company's fixed asset utilization to ensure optimal revenue generation and operational performance in the long run.