MKS Instruments Inc (MKSI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,260,000 | 3,377,000 | 2,924,200 | 2,300,900 | 1,862,410 |
| Total assets | US$ in thousands | 9,118,000 | 11,495,000 | 4,540,000 | 3,903,800 | 3,416,300 |
| Total asset turnover | 0.36 | 0.29 | 0.64 | 0.59 | 0.55 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,260,000K ÷ $9,118,000K
= 0.36
The total asset turnover ratio for MKS Instruments Inc has varied over the past five years. In 2023, the total asset turnover was 0.36, indicating that the company generated $0.36 in sales for every $1 of assets. This represents a slight improvement compared to 2022 when the ratio was 0.29.
The ratio was highest in 2021 at 0.64, signaling that the company was more efficient in generating sales relative to its total assets that year. In the following year, in 2020, the total asset turnover decreased to 0.59 but still remained relatively high compared to the historical trend.
In 2019, the total asset turnover was 0.55, showing a consistent performance in utilizing assets to generate revenue. Overall, variations in the total asset turnover ratio suggest fluctuations in the company's asset utilization efficiency over the years, with efforts needed to maintain or improve this metric for sustainable growth and profitability.
Peer comparison
Dec 31, 2023