Power Integrations Inc (POWI)

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 444,538 479,801 514,523 575,286 651,138 699,022 715,565 711,689 703,277 681,316 625,669 552,391 488,318 452,082 445,112 441,145 420,669 399,519 395,445 402,062
Total assets US$ in thousands 819,868 865,490 859,457 851,405 840,096 837,963 809,004 919,195 1,014,490 1,004,990 967,849 944,719 903,339 876,068 853,777 827,439 803,896 636,410 620,389 600,505
Total asset turnover 0.54 0.55 0.60 0.68 0.78 0.83 0.88 0.77 0.69 0.68 0.65 0.58 0.54 0.52 0.52 0.53 0.52 0.63 0.64 0.67

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $444,538K ÷ $819,868K
= 0.54

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. A higher total asset turnover indicates that a company is more efficient in generating sales with a lower level of assets.

Power Integrations Inc.'s total asset turnover has been fluctuating over the past eight quarters, ranging from 0.54 to 0.88. The trend shows a decline over this period, starting at 0.88 in Q2 2022 and gradually decreasing to 0.54 in Q4 2023.

The decreasing trend in total asset turnover may signal inefficiencies in asset utilization or a decrease in sales relative to total assets. It is essential for the company to effectively manage its assets to improve this ratio and enhance overall operational efficiency.

Further analysis and comparison with industry peers or historical data can provide deeper insights into the company's asset management strategies and overall financial performance.


Peer comparison

Dec 31, 2023