Ichor Holdings Ltd (ICHR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 791,741 | 1,269,010 | 1,089,730 | 905,509 | 610,190 |
| Total assets | US$ in thousands | 938,481 | 1,083,740 | 1,020,880 | 774,172 | 566,555 |
| Total asset turnover | 0.84 | 1.17 | 1.07 | 1.17 | 1.08 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $791,741K ÷ $938,481K
= 0.84
Ichor Holdings Ltd's total asset turnover has exhibited fluctuations over the past five years. In 2023, the total asset turnover decreased to 0.84 from 1.17 in the previous year. This suggests that the company generated $0.84 in revenue for every $1 of assets during the year, indicating a decline in efficiency in asset utilization. The decrease could be attributed to various factors such as changes in sales volume, asset base, or operational efficiency. Comparatively, in 2022 and 2020, the total asset turnover was at its highest levels of 1.17, indicating that the company was able to generate more revenue per dollar of assets during those years. It is crucial for Ichor Holdings Ltd to evaluate the reasons behind the decline in total asset turnover and take corrective measures to improve asset utilization efficiency in the future.
Peer comparison
Dec 31, 2023