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