MKS Instruments Inc (MKSI)
Total asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,362,000 | 3,227,000 | 3,177,000 | 3,322,000 | 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 |
| Total assets | US$ in thousands | 8,590,000 | 9,023,000 | 8,863,000 | 8,931,000 | 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 |
| Total asset turnover | 0.39 | 0.36 | 0.36 | 0.37 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,362,000K ÷ $8,590,000K
= 0.39
The total asset turnover of MKS Instruments Inc has exhibited a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio, which measures the efficiency with which the company generates sales from its assets, started at 0.56 in March 2020, remained stable at 0.56 and 0.57 in June and September 2020, respectively, then gradually increased to 0.61 by March 2021, and further improved to 0.64 by June 2021.
However, there was a slight dip to 0.63 by June 30, 2022, and reached the lowest point of 0.28 by September 30, 2022. This significant decrease may indicate potential inefficiencies in asset utilization during that period. Subsequently, the total asset turnover ratio slightly recovered to 0.29 by December 31, 2022 and March 31, 2023, before showing a more substantial improvement to 0.38 by June and September 30, 2023.
The ratio dipped again to 0.36 by December 31, 2023, which was followed by a slight increase to 0.37 by March 31, 2024. Finally, the total asset turnover ratio rose to 0.36 by June 30, 2024, and further increased to 0.39 by December 31, 2024. Overall, the trend indicates varying levels of efficiency in utilizing the company's assets to generate sales over the analyzed period.
Peer comparison
Dec 31, 2024