InterDigital Inc (IDCC)
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 | 857,024 | 711,188 | 709,932 | 575,889 | 517,655 | 504,255 | 483,937 | 497,549 | 401,152 | 416,818 | 445,514 | 426,114 | 407,069 | 385,797 | 330,293 | 343,605 | 336,872 | 348,243 | 333,653 | 307,944 |
| Total assets | US$ in thousands | 1,835,530 | 1,725,350 | 1,636,300 | 1,807,020 | 1,770,810 | 1,826,480 | 1,760,180 | 1,748,560 | 1,900,100 | 1,928,220 | 1,617,500 | 1,596,030 | 1,628,160 | 1,700,610 | 1,497,080 | 1,561,870 | 1,616,280 | 1,640,490 | 1,538,760 | 1,464,730 |
| Total asset turnover | 0.47 | 0.41 | 0.43 | 0.32 | 0.29 | 0.28 | 0.27 | 0.28 | 0.21 | 0.22 | 0.28 | 0.27 | 0.25 | 0.23 | 0.22 | 0.22 | 0.21 | 0.21 | 0.22 | 0.21 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $857,024K ÷ $1,835,530K
= 0.47
InterDigital Inc's total asset turnover has been showing a fluctuating trend over the reporting periods, ranging from 0.21 to 0.47. The metric measures how efficiently the company is utilizing its assets to generate revenue. A total asset turnover ratio below 1 indicates that the company is generating less revenue relative to its total assets, while a ratio above 1 suggests better efficiency in asset utilization.
From the data provided, we observe that there was a gradual improvement in total asset turnover from 0.21 in March 2020 to 0.47 by December 2024, reaching its peak. This upward trend indicates that InterDigital Inc was able to generate more revenue per dollar of assets as time progressed. However, there were fluctuations in this trend, with some quarters showing lower ratios such as 0.21, while other periods like June 2024 and December 2024 demonstrated higher ratios, indicating more efficient asset utilization during those intervals.
Overall, the increasing trend in total asset turnover reflects potential improvements in the company's operational efficiency and effectiveness in generating revenue from its assets. Investors and analysts may view this positively as it signifies the company's ability to maximize its asset productivity over time.
Peer comparison
Dec 31, 2024