Onto Innovation Inc (ONTO)
Fixed 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 | 987,322 | 942,239 | 897,214 | 845,549 | 815,868 | 850,282 | 897,350 | 962,998 | 1,005,183 | 977,557 | 923,893 | 860,970 | 788,899 | 718,383 | 644,286 | 585,847 | 556,496 | 521,926 | 458,369 | 384,932 |
| Property, plant and equipment | US$ in thousands | 123,868 | 120,090 | 115,467 | 106,795 | 103,611 | 104,184 | 99,883 | 97,624 | 91,980 | 84,253 | 82,986 | 81,689 | 82,094 | 85,685 | 88,015 | 87,679 | 91,980 | 92,716 | 95,517 | 96,973 |
| Fixed asset turnover | 7.97 | 7.85 | 7.77 | 7.92 | 7.87 | 8.16 | 8.98 | 9.86 | 10.93 | 11.60 | 11.13 | 10.54 | 9.61 | 8.38 | 7.32 | 6.68 | 6.05 | 5.63 | 4.80 | 3.97 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $987,322K ÷ $123,868K
= 7.97
The fixed asset turnover of Onto Innovation Inc has shown a consistent upward trend from March 31, 2020, to June 30, 2022, indicating an efficient utilization of fixed assets to generate sales revenue. The ratio increased steadily from 3.97 to 11.13 during this period.
However, from September 30, 2022, to December 31, 2024, there was a slight decline in the fixed asset turnover ratio, suggesting a potential decrease in the company's ability to generate sales from its fixed assets efficiently. The ratio fluctuated within a narrower range during this period, ranging from 7.85 to 11.6.
Overall, a higher fixed asset turnover indicates that Onto Innovation Inc is effectively leveraging its fixed assets to generate revenue. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024