Universal Display (OLED)
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 | 647,684 | 643,711 | 623,161 | 611,221 | 576,429 | 587,141 | 606,620 | 596,616 | 616,619 | 593,834 | 576,896 | 569,995 | 553,525 | 548,821 | 522,282 | 450,590 | 428,867 | 389,053 | 369,489 | 429,689 |
| Total assets | US$ in thousands | 1,832,330 | 1,810,880 | 1,776,560 | 1,683,720 | 1,668,960 | 1,622,920 | 1,540,860 | 1,535,710 | 1,532,820 | 1,530,320 | 1,499,440 | 1,487,230 | 1,466,920 | 1,428,590 | 1,350,720 | 1,310,500 | 1,269,230 | 1,224,960 | 1,161,060 | 1,136,380 |
| Total asset turnover | 0.35 | 0.36 | 0.35 | 0.36 | 0.35 | 0.36 | 0.39 | 0.39 | 0.40 | 0.39 | 0.38 | 0.38 | 0.38 | 0.38 | 0.39 | 0.34 | 0.34 | 0.32 | 0.32 | 0.38 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $647,684K ÷ $1,832,330K
= 0.35
The total asset turnover ratio of Universal Display has shown relatively stable performance over the past few years, ranging between 0.32 to 0.40. This ratio measures the company's ability to generate sales revenue in relation to its total assets.
In general, a higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue. Universal Display's total asset turnover has remained in the range of 0.32 to 0.40, which suggests that the company is able to generate sales effectively relative to its asset base.
The slight fluctuations in the total asset turnover ratio over the years may be influenced by various factors such as changes in business operations, asset utilization, and sales performance. It is important for Universal Display to continue monitoring and managing its asset turnover to ensure optimal efficiency in generating revenue from its asset base.
Overall, Universal Display's total asset turnover performance indicates a moderate level of efficiency in utilizing its assets to generate revenue, but there may be potential for further improvement through strategic asset management and operational enhancements.
Peer comparison
Dec 31, 2024