MKS Instruments Inc (MKSI)

Total asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	3,259,000	3,467,000	3,500,000	3,343,000	3,377,000	3,132,600	2,994,200	2,979,700	2,924,200	2,826,800	2,674,400	2,468,000	2,307,300	2,146,751	2,019,233	1,943,569	1,871,211	1,832,101	1,859,852	1,967,634
Total assets	US$ in thousands	9,118,000	9,140,000	9,230,000	11,366,000	11,495,000	11,372,000	4,749,000	4,649,000	4,540,000	4,365,900	4,208,900	4,017,900	3,903,800	3,750,900	3,631,100	3,474,900	3,416,300	3,354,540	3,381,950	3,412,740
Total asset turnover		0.36	0.38	0.38	0.29	0.29	0.28	0.63	0.64	0.64	0.65	0.64	0.61	0.59	0.57	0.56	0.56	0.55	0.55	0.55	0.58

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,259,000K ÷ $9,118,000K
= 0.36

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. MKS Instruments Inc's total asset turnover has fluctuated over the past few quarters, ranging from 0.29 to 0.65.

A higher total asset turnover indicates that the company is more efficient in using its assets to generate revenue. MKS Instruments Inc experienced its highest total asset turnover of 0.65 in the third quarter of 2021 and has since seen a slight decrease in this ratio.

The overall trend in total asset turnover for MKS Instruments Inc shows some volatility but generally indicates that the company is effectively utilizing its assets to generate sales. It is important for investors and analysts to monitor this ratio to assess the company's operational efficiency and performance over time.