Ichor Holdings Ltd (ICHR)

Total 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
Total assets	US$ in thousands	995,564	975,902	947,689	957,388	938,481	994,384	1,003,360	1,040,150	1,083,740	1,102,740	1,065,700	1,020,360	1,020,880	828,537	822,449	782,209	774,172	605,441	598,876	564,019
Total asset turnover		0.85	0.84	0.85	0.82	0.86	0.91	1.06	1.17	1.18	1.15	1.10	1.10	1.07	1.27	1.24	1.23	1.18	1.42	1.31	1.25

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $849,040K ÷ $995,564K
= 0.85

The total asset turnover of Ichor Holdings Ltd has shown a fluctuating trend over the analyzed period. Starting at 1.25 in March 2020, it increased steadily to peak at 1.42 in September 2020. After that, there was a slight decline as it dropped to 1.18 by December 2020. The ratio then fluctuated within a range until December 2021, where it decreased significantly to 1.07.

Subsequently, there was a slight recovery in the ratio, reaching 1.15 by September 2022, before stabilizing around the 1.10 mark until June 2024. Notably, there was a noticeable decrease in the total asset turnover to 0.82 by March 2024, which continued to decline to 0.85 by December 2024.

Overall, the total asset turnover ratio indicates how efficiently the company generates sales from its total assets. The fluctuating trend observed in the ratio suggests varying levels of asset utilization by Ichor Holdings Ltd throughout the analyzed period.