Universal Display (OLED)
Total 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 |
| Total assets | US$ in thousands | 1,832,330 | 1,668,960 | 1,532,820 | 1,466,920 | 1,269,230 |
| Total asset turnover | 0.35 | 0.35 | 0.40 | 0.38 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $647,684K ÷ $1,832,330K
= 0.35
The total asset turnover of Universal Display has shown a general upward trend from 0.34 in December 31, 2020, to 0.40 in December 31, 2022, before slightly decreasing to 0.35 in December 31, 2023 and maintaining that level through December 31, 2024. This indicates that the company's ability to generate revenue from its total assets has improved over the years, peaking in 2022. However, the slight decline in 2023 suggests a potential decrease in efficiency in asset utilization during that period. Overall, Universal Display's total asset turnover demonstrates a relatively stable performance, with room for further optimization in asset utilization efficiency.
Peer comparison
Dec 31, 2024