Kulicke and Soffa Industries Inc (KLIC)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	706,232	742,491	1,503,620	1,517,660	623,176
Total assets	US$ in thousands	1,240,160	1,499,780	1,588,600	1,601,630	1,054,570
Total asset turnover		0.57	0.50	0.95	0.95	0.59

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $706,232K ÷ $1,240,160K
= 0.57

Kulicke and Soffa Industries Inc's total asset turnover ratio measures the efficiency with which the company generates revenue in relation to its total assets. The trend analysis of the total asset turnover ratio over the past five years reveals fluctuations in the company's asset utilization.

In 2024, the total asset turnover ratio improved to 0.57 from 0.50 in 2023, indicating that the company generated $0.57 in revenue for every dollar of assets held. This suggests a positive increase in asset efficiency compared to the previous year.

However, this improvement follows a significant drop in 2023 from 0.95 in both 2022 and 2021. During these years, the company effectively utilized its assets to generate revenue at a consistent rate of $0.95 for every dollar of assets, reflecting stable asset efficiency.

In 2020, the total asset turnover ratio was at 0.59, indicating a slightly lower efficiency compared to the following years. The variability in the total asset turnover ratio signifies fluctuations in the company's ability to leverage its assets effectively to generate sales revenue.

Overall, Kulicke and Soffa Industries Inc's total asset turnover ratio has shown mixed performance, with improvements in some years and declines in others. This suggests the need for further analysis to understand the factors influencing the company's asset utilization efficiency and revenue generation.