Kulicke and Soffa Industries Inc (KLIC)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 706,232 | 727,233 | 736,500 | 737,447 | 742,491 | 826,484 | 1,007,704 | 1,218,965 | 1,503,620 | 1,702,633 | 1,754,814 | 1,710,695 | 1,517,664 | 1,210,026 | 936,158 | 746,736 | 623,176 | 585,315 | 561,974 | 527,141 |
| Property, plant and equipment | US$ in thousands | 64,823 | 64,536 | 65,003 | 107,273 | 110,051 | 113,567 | 110,680 | 92,819 | 80,908 | 66,510 | 67,044 | 67,109 | 67,982 | 66,232 | 61,965 | 60,935 | 59,147 | 55,826 | 55,647 | 56,826 |
| Fixed asset turnover | 10.89 | 11.27 | 11.33 | 6.87 | 6.75 | 7.28 | 9.10 | 13.13 | 18.58 | 25.60 | 26.17 | 25.49 | 22.32 | 18.27 | 15.11 | 12.25 | 10.54 | 10.48 | 10.10 | 9.28 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $706,232K ÷ $64,823K
= 10.89
The fixed asset turnover ratio for Kulicke and Soffa Industries Inc has shown fluctuations over the past quarters, ranging from 6.75 to 26.17. The ratio measures the company's ability to generate sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
Looking at the trend, we observe that the fixed asset turnover ratio has generally been on an upward trajectory, peaking at 26.17 in the second quarter of 2022 before slightly declining in the subsequent quarters. This indicates that the company has been able to improve its efficiency in utilizing fixed assets to generate sales over the analyzed periods.
However, it is important to note that the sharp fluctuations in the fixed asset turnover ratio could suggest varying levels of operational efficiency and asset utilization by Kulicke and Soffa Industries Inc. Further analysis and comparison with industry benchmarks would provide better insights into the company's performance in this aspect.
Peer comparison
Sep 30, 2024