MKS Instruments Inc (MKSI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,529,000 | 3,260,000 | 3,377,000 | 2,924,200 | 2,300,900 |
| Total assets | US$ in thousands | 8,590,000 | 9,118,000 | 11,495,000 | 4,540,000 | 3,903,800 |
| Total asset turnover | 0.41 | 0.36 | 0.29 | 0.64 | 0.59 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,529,000K ÷ $8,590,000K
= 0.41
The total asset turnover of MKS Instruments Inc has fluctuated over the past five years. In 2020, the total asset turnover was 0.59, indicating that the company generated $0.59 in revenue for every dollar of assets it had. By 2021, the total asset turnover improved to 0.64, suggesting that the company became more efficient in utilizing its assets to generate revenue.
However, there was a significant decline in 2022, with the total asset turnover dropping to 0.29. This could indicate a decrease in the company's ability to generate revenue relative to its total assets. Subsequently, in 2023, there was a slight improvement as the total asset turnover increased to 0.36, but it was still below the levels seen in 2020 and 2021.
In the most recent year, 2024, the total asset turnover further improved to 0.41, signaling that the company was able to increase its revenue relative to its total assets compared to the previous year. Overall, the fluctuation in the total asset turnover of MKS Instruments Inc over the years suggests varying levels of efficiency in asset utilization to generate revenue. Further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024