Kulicke and Soffa Industries Inc (KLIC)

Total 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
Total assets	US$ in thousands	1,240,160	1,257,220	1,298,710	1,486,730	1,499,780	1,508,120	1,524,040	1,549,820	1,588,600	1,628,280	1,559,010	1,704,530	1,601,630	1,409,860	1,256,970	1,146,770	1,054,570	1,029,460	1,160,900	1,118,080
Total asset turnover		0.57	0.58	0.57	0.50	0.50	0.55	0.66	0.79	0.95	1.05	1.13	1.00	0.95	0.86	0.74	0.65	0.59	0.57	0.48	0.47

September 30, 2024 calculation

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

The total asset turnover of Kulicke and Soffa Industries Inc has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is generating sales revenue from its total assets.

From December 2019 to December 2020, the total asset turnover was relatively low, around 0.48 to 0.59. However, starting from March 2021, there was an upward trend in the ratio, with significant improvements seen in the company's efficiency in utilizing its assets to generate revenue.

The highest total asset turnover was observed in the second and third quarters of 2022, reaching 1.13 and 1.05, respectively, indicating that the company was generating more sales relative to its total assets during that time period. This strong performance continued into the fourth quarter of 2022, with the ratio remaining high at 0.95.

However, from December 2022 to December 2023, there was a noticeable decline in total asset turnover, dropping to 0.50 in the fourth quarter of 2023. The ratio then gradually increased in the first three quarters of 2024, fluctuating between 0.55 and 0.58.

Overall, the trend in total asset turnover suggests that Kulicke and Soffa Industries Inc has experienced periods of both efficiency and inefficiency in utilizing its assets to generate revenue. Further analysis and comparison with industry benchmarks could provide additional insights into the company's operational performance and efficiency.