ON Semiconductor Corporation (ON)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	7,082,300	8,253,000	8,326,200	6,739,800	5,255,000
Total assets	US$ in thousands	14,089,800	13,215,200	11,978,500	9,626,000	8,668,000
Total asset turnover		0.50	0.62	0.70	0.70	0.61

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $7,082,300K ÷ $14,089,800K
= 0.50

ON Semiconductor Corporation's total asset turnover has shown some fluctuations over the past five years.

In December 2020, the total asset turnover was 0.61, indicating that the company generated $0.61 in sales for every dollar of assets it had. This ratio increased to 0.70 by December 2021 and was maintained at the same level in December 2022, suggesting a more efficient use of assets to generate revenue.

However, there was a slight decrease in total asset turnover to 0.62 by December 2023, which may indicate a slight decrease in efficiency in generating sales compared to the previous year.

The most significant decline occurred in December 2024, with a total asset turnover of 0.50, suggesting that ON Semiconductor Corporation may not have been as efficient in utilizing its assets to generate sales during that period.

Overall, the trend in total asset turnover suggests some variability in the company's ability to generate sales relative to its asset base over the five-year period. This metric is important for investors and analysts as it provides insights into the efficiency of the company's asset utilization in generating revenue.