PDF Solutions Inc (PDFS)

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	179,465	170,505	166,446	166,386	165,835	165,233	162,743	155,810	148,549	137,912	127,607	120,358	111,060	103,541	97,098	91,088	88,046	88,241	87,043	86,202
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	42,990	41,723	40,174	38,740	38,390	36,844	40,703	37,821	43,905	38,147	39,242	39,487	40,412	41,009
Fixed asset turnover		—	—	—	—	—	—	3.79	3.73	3.70	3.56	3.32	3.27	2.73	2.74	2.21	2.39	2.24	2.23	2.15	2.10

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $179,465K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio signifies that the company is efficiently using its fixed assets to generate sales.

In the case of PDF Solutions Inc, the fixed asset turnover ratio has shown a general increasing trend over the past few years. Starting at 2.10 in March 2020, the ratio increased steadily to reach 3.70 by December 2022. This indicates that the company was able to generate more revenue for each dollar invested in fixed assets during this period.

Subsequently, the fixed asset turnover ratio continued to increase, reaching 3.79 as of June 30, 2023. This further improvement suggests that PDF Solutions Inc has been effectively utilizing its fixed assets to drive revenue growth.

However, it is worth noting that the data indicates that the fixed asset turnover ratio is not available for the quarters beyond June 30, 2023. It is important for stakeholders to monitor this metric in future periods to assess the company's efficiency in managing its fixed assets and generating revenue.

In conclusion, PDF Solutions Inc has demonstrated an overall positive trend in its fixed asset turnover ratio, indicating efficient utilization of fixed assets to generate revenue. Continued monitoring of this ratio will be important to assess the company's operational efficiency and financial performance in the future.