PDF Solutions Inc (PDFS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 179,465 | 165,835 | 148,549 | 111,060 | 88,046 |
| Total assets | US$ in thousands | 315,289 | 290,136 | 278,671 | 273,768 | 287,580 |
| Total asset turnover | 0.57 | 0.57 | 0.53 | 0.41 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $179,465K ÷ $315,289K
= 0.57
PDF Solutions Inc's total asset turnover has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. The company's total asset turnover ratio has increased from 0.31 in 2020 to 0.57 in both 2023 and 2024. This indicates that PDF Solutions has been able to generate more revenue relative to its total assets over time. A higher total asset turnover ratio suggests that the company is utilizing its assets more efficiently to generate sales. The steady increase in total asset turnover reflects improved asset management and operational efficiency, which is a positive sign for the company's financial health and sustainability.
Peer comparison
Dec 31, 2024