Sitime Corporation (SITM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 202,697 | 143,993 | 283,605 | 218,808 | 116,156 |
| Total assets | US$ in thousands | 884,959 | 951,683 | 750,616 | 678,209 | 136,011 |
| Total asset turnover | 0.23 | 0.15 | 0.38 | 0.32 | 0.85 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $202,697K ÷ $884,959K
= 0.23
The total asset turnover of Sitime Corporation has experienced fluctuations over the years. In 2020, the total asset turnover was 0.85, indicating that the company generated $0.85 in sales for every $1 of total assets. However, there was a significant decline in 2021 to 0.32, suggesting a decrease in the efficiency of utilizing assets to generate revenue.
In 2022, there was a slight improvement with the total asset turnover ratio increasing to 0.38, but it still remained lower than the 2020 level. Subsequently, there was a notable drop in 2023 to 0.15, indicating that the company struggled to generate sales relative to its total assets.
By 2024, the total asset turnover ratio improved to 0.23, although it is still below the levels seen in 2020. Overall, the trend suggests that Sitime Corporation has faced challenges in effectively utilizing its total assets to drive revenue generation, highlighting the need for the company to assess and enhance its operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024