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.