PDF Solutions Inc (PDFS)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	165,835	165,233	162,743	155,810	148,549	137,912	127,607	120,358	111,055	103,536	97,093	91,083	88,046	88,241	87,043	86,202	85,585	82,748	81,047	81,598
Total assets	US$ in thousands	290,136	282,453	290,272	279,288	278,671	265,975	249,167	265,577	273,768	275,224	273,670	271,131	287,580	310,608	233,696	239,357	239,544	229,347	229,671	232,685
Total asset turnover		0.57	0.58	0.56	0.56	0.53	0.52	0.51	0.45	0.41	0.38	0.35	0.34	0.31	0.28	0.37	0.36	0.36	0.36	0.35	0.35

December 31, 2023 calculation

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

PDF Solutions Inc. has shown relatively stable total asset turnover ratios over the past eight quarters, ranging from 0.45 to 0.58. The total asset turnover ratio measures how efficiently the company is generating revenue from its total assets. A higher ratio indicates better asset utilization efficiency.

In this case, PDF Solutions Inc. has generally maintained a total asset turnover ratio in the range of 0.52 to 0.58, reflecting the company's ability to generate sales in relation to its total assets. The slight fluctuations in the ratio suggest some variability in the company's asset utilization efficiency over the quarters analyzed.

Overall, PDF Solutions Inc. appears to have a consistent performance in terms of total asset turnover, indicating a stable relationship between its revenue generation and asset base. This suggests that the company is effectively utilizing its assets to generate sales revenue, with potential room for improvement in maximizing asset efficiency.