Teradyne Inc (TER)

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	2,676,297	2,737,534	2,860,875	3,017,204	3,155,045	3,308,255	3,431,683	3,676,647	3,702,883	3,576,806	3,445,789	3,198,720	3,121,469	3,017,150	2,779,704	2,505,221	2,294,965	2,159,873	2,144,683	2,107,434
Total assets	US$ in thousands	3,486,820	3,370,660	3,394,900	3,383,410	3,501,250	3,319,910	3,488,430	3,609,150	3,809,420	3,762,180	4,000,920	3,719,720	3,652,350	3,436,510	3,249,190	2,820,390	2,787,010	2,698,790	2,671,510	2,616,640
Total asset turnover		0.77	0.81	0.84	0.89	0.90	1.00	0.98	1.02	0.97	0.95	0.86	0.86	0.85	0.88	0.86	0.89	0.82	0.80	0.80	0.81

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,676,297K ÷ $3,486,820K
= 0.77

The total asset turnover of Teradyne, Inc. has shown a declining trend over the past eight quarters, indicating the company's decreasing ability to generate sales relative to its total assets. This may suggest that the company is becoming less efficient in utilizing its assets to generate revenue. The highest total asset turnover was observed in Q4 2022 at 1.02, indicating that for every dollar of assets, the company generated $1.02 in revenue. However, the ratio has since decreased steadily, reaching 0.77 in Q4 2023. This decline could be attributed to various factors such as inefficient asset management, declining sales, or changes in the company's business operations. Teradyne may need to review its asset utilization strategies to improve efficiency and profitability.