Universal Display (OLED)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	647,684	576,429	616,619	553,525	428,867
Property, plant and equipment	US$ in thousands	—	—	143,445	128,832	102,113
Fixed asset turnover		—	—	4.30	4.30	4.20

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $647,684K ÷ $—K
= —

The fixed asset turnover ratio for Universal Display has shown consistency and improvement over the years. In 2020, the ratio was 4.20, and it increased slightly to 4.30 in 2021 and 2022. The steady ratio indicates that the company efficiently utilizes its fixed assets to generate revenue. However, the absence of data for 2023 and 2024 makes it challenging to assess any further trends or developments in the company's fixed asset management. Overall, the stable and relatively high fixed asset turnover suggests effective asset utilization by Universal Display.

Peer comparison

Dec 31, 2024

Company name

Symbol

Fixed asset turnover

Universal Display

OLED

—

Vishay Intertechnology Inc

VSH

—