Teradyne Inc (TER)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,819,880	2,676,300	3,155,040	3,702,880	3,121,470
Property, plant and equipment	US$ in thousands	—	—	418,683	456,047	394,800
Fixed asset turnover		—	—	7.54	8.12	7.91

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,819,880K ÷ $—K
= —

Teradyne Inc's fixed asset turnover ratio has shown a generally positive trend over the past few years. In 2020, the company had a fixed asset turnover of 7.91, which increased to 8.12 in 2021, indicating that Teradyne is generating more sales relative to its fixed assets. However, in 2022, the ratio slightly decreased to 7.54, which may be attributed to various factors affecting the efficiency of asset utilization.

The absence of data for the years 2023 and 2024 makes it challenging to assess the company's recent performance in terms of fixed asset turnover. It is essential for investors and analysts to closely monitor this ratio in the coming years to evaluate Teradyne's ability to generate revenue from its fixed assets efficiently.

Overall, the increasing trend in fixed asset turnover up to 2021 suggests that Teradyne has been effectively utilizing its fixed assets to drive sales. However, fluctuations in this ratio over the years may indicate potential changes in the company's operational efficiency and capital investment strategies, highlighting the importance of continuous monitoring and analysis.