Ichor Holdings Ltd (ICHR)

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	791,741	890,431	1,051,200	1,198,719	1,269,013	1,256,502	1,165,476	1,118,696	1,089,729	1,047,699	1,011,957	950,502	905,509	849,443	775,610	692,781	610,190	562,064	582,925	693,162
Total assets	US$ in thousands	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	566,555	506,866	489,952	495,389
Total asset turnover		0.84	0.90	1.05	1.15	1.17	1.14	1.09	1.10	1.07	1.26	1.23	1.22	1.17	1.40	1.30	1.23	1.08	1.11	1.19	1.40

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $791,741K ÷ $938,481K
= 0.84

The total asset turnover ratio of Ichor Holdings Ltd has shown fluctuations over the past few years, ranging from 0.84 to 1.40. Generally, a higher total asset turnover ratio indicates that the company is more efficient in generating sales revenue from its assets.

From the data provided, we can observe that there have been periods of both improvement and decline in the total asset turnover ratio. For example, in the most recent quarter, the total asset turnover decreased to 0.84, which may suggest decreased efficiency in utilizing assets to generate sales.

On the other hand, there have been quarters, such as in Jun 2020 and Sep 2020, where the total asset turnover ratio was at its peak of 1.40, indicating a high level of efficiency in asset utilization during those periods.

It is important for stakeholders to closely monitor the total asset turnover ratio of Ichor Holdings Ltd to assess the company's ability to efficiently utilize its assets to generate revenue and identify any trends or areas for improvement.