ON Semiconductor Corporation (ON)

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	7,082,300	7,377,900	7,796,800	8,156,000	8,253,000	8,338,500	8,350,300	8,340,900	8,326,200	8,068,700	7,618,200	7,203,100	6,739,800	6,340,000	5,915,200	5,458,800	5,255,000	5,210,500	5,275,000	5,409,200
Total assets	US$ in thousands	14,089,800	13,923,600	13,658,800	13,482,900	13,215,200	13,281,300	12,762,700	12,274,300	11,978,500	11,100,700	10,788,700	10,212,400	9,626,000	8,940,700	8,594,400	8,630,400	8,668,000	9,254,000	9,527,800	9,420,800
Total asset turnover		0.50	0.53	0.57	0.60	0.62	0.63	0.65	0.68	0.70	0.73	0.71	0.71	0.70	0.71	0.69	0.63	0.61	0.56	0.55	0.57

December 31, 2024 calculation

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

ON Semiconductor Corporation's total asset turnover has shown a fluctuating trend over the past few years. The ratio ranged between 0.50 and 0.73 from December 31, 2020, to December 31, 2024. Generally, a higher total asset turnover indicates better efficiency in utilizing assets to generate revenue.

In the given period, there was an initial increase from 0.61 on December 31, 2020, to 0.71 by September 30, 2021, indicating improved asset utilization. However, the ratio slightly dropped to 0.62 by December 31, 2023. This variability may suggest changes in business operations, asset management strategies, or revenue generation effectiveness.

It's noteworthy that the total asset turnover ratio decreased to 0.50 by December 31, 2024, from the previous quarter. This significant decline could be a concern and may warrant further investigation into factors impacting asset efficiency and revenue generation during that period. A thorough analysis of the company's financial performance and operational activities would be needed to understand the reasons behind these fluctuations in total asset turnover.