InterDigital Inc (IDCC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 871,346 | 516,955 | 406,489 | 407,069 | 329,455 |
| Property, plant and equipment | US$ in thousands | 18,544 | 11,566 | 11,338 | 13,377 | 16,630 |
| Fixed asset turnover | 46.99 | 44.70 | 35.85 | 30.43 | 19.81 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $871,346K ÷ $18,544K
= 46.99
InterDigital Inc's fixed asset turnover has shown a consistent upward trend from 19.81 in December 31, 2020, to 46.99 in December 31, 2024. This indicates that the company is generating a higher level of revenue relative to its investment in fixed assets, reflecting increased efficiency in asset utilization over the years. The significant improvement in fixed asset turnover suggests that InterDigital Inc has been able to generate more sales from each dollar invested in fixed assets, which can signify operational efficiency and effective management of assets. This trend is encouraging as it indicates the company's ability to generate more revenue from its fixed assets, which can positively impact profitability and overall financial performance.
Peer comparison
Dec 31, 2024