PDF Solutions Inc (PDFS)

Total asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 165,835 149,379 111,060 88,046 85,585
Total assets US$ in thousands 290,136 278,671 273,768 287,580 239,544
Total asset turnover 0.57 0.54 0.41 0.31 0.36

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $165,835K ÷ $290,136K
= 0.57

PDF Solutions Inc.'s total asset turnover has exhibited an increasing trend over the past five years, reflecting the company's ability to generate sales revenue relative to its total assets. The ratio has improved from 0.36 in 2019 to 0.57 in 2023. This indicates that the company has become more efficient in utilizing its assets to generate sales. A higher total asset turnover ratio generally suggests that the company is effectively managing its assets to drive sales growth. Investors and stakeholders may view this trend positively as it signifies the company's improving efficiency and potential for revenue generation.


Peer comparison

Dec 31, 2023