Power Integrations Inc (POWI)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	418,973	403,230	412,904	429,929	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
Total assets	US$ in thousands	828,826	824,991	804,760	805,776	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
Total asset turnover		0.51	0.49	0.51	0.53	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $418,973K ÷ $828,826K
= 0.51

The total asset turnover of Power Integrations Inc has shown some fluctuations over the past few years. The ratio, which indicates how efficiently the company is using its assets to generate revenue, started at a relatively low level of 0.53 in March 2020. It remained fairly consistent around 0.5 to 0.6 throughout 2020 and early 2021.

From March 2021 to June 2022, there was a notable improvement in the total asset turnover, increasing steadily from 0.58 to 0.88. This suggests that the company was able to generate more revenue relative to its total assets during this period.

However, in the subsequent quarters up to December 2024, the total asset turnover ratio fluctuated between 0.49 and 0.54, indicating a slight decline in efficiency in utilizing its assets to generate revenue compared to the peak period in mid-2022.

Overall, while there were periods of improvement in total asset turnover for Power Integrations Inc, the ratio has shown some volatility and ended relatively stable around 0.51 to 0.54. Further analysis would be needed to understand the factors driving these fluctuations and assess the company's overall asset management efficiency.