Teradyne Inc (TER)

Fixed 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	2,817,600	2,735,316	2,697,790	2,651,934	2,670,386	2,731,622	2,858,923	3,015,666	3,155,045	3,308,256	3,431,684	3,676,648	3,702,884	3,576,805	3,445,788	3,198,719	3,121,468	3,017,150	2,779,704	2,505,221
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	432,381	418,683	476,611	483,075	467,203	456,047	452,153	457,244	402,465	394,800	386,170	353,595	332,241
Fixed asset turnover		—	—	—	—	—	—	—	6.97	7.54	6.94	7.10	7.87	8.12	7.91	7.54	7.95	7.91	7.81	7.86	7.54

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,817,600K ÷ $—K
= —

Teradyne Inc's fixed asset turnover ratio has displayed some fluctuations over the period from March 31, 2020, to June 30, 2024. The ratio indicates how efficiently the company is generating sales revenue from its investment in fixed assets.

From March 31, 2020, to December 31, 2021, there was a steady increase in the fixed asset turnover ratio, reaching its peak of 8.12 on December 31, 2021. This trend suggests that Teradyne was able to generate more revenue relative to its investment in fixed assets during this period.

Subsequently, the ratio experienced a slight decline in the following quarters, with a dip to 6.94 on September 30, 2022. This could indicate a decrease in efficiency in utilizing fixed assets to generate sales revenue during that period.

The ratio fluctuated around 7.5 in the most recent data available until March 31, 2024. The abrupt absence of data from June 30, 2023, to December 31, 2024, may indicate a lack of reported financial information for those periods.

Overall, the analysis of Teradyne Inc's fixed asset turnover ratio suggests that the company has generally maintained efficient use of its fixed assets to generate revenue, although there have been periods of fluctuation that may warrant further investigation.