InterDigital Inc (IDCC)
Total 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 |
| Total assets | US$ in thousands | 1,835,530 | 1,770,810 | 1,900,100 | 1,628,160 | 1,616,280 |
| Total asset turnover | 0.47 | 0.29 | 0.21 | 0.25 | 0.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $871,346K ÷ $1,835,530K
= 0.47
InterDigital Inc's total asset turnover ratio has shown fluctuations over the years. From December 31, 2020, to December 31, 2024, the ratio increased from 0.20 to 0.47. This indicates that the company became more efficient in generating sales revenue relative to its total assets during this period. A higher total asset turnover ratio generally implies that the company is utilizing its assets more effectively to generate sales. However, it's important to consider other factors such as industry norms and business strategies to fully interpret the implications of these changes in the total asset turnover ratio for InterDigital Inc.
Peer comparison
Dec 31, 2024