Teradyne Inc (TER)

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	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
Total assets	US$ in thousands	3,708,710	3,769,730	3,631,710	3,410,720	3,486,820	3,370,660	3,394,900	3,383,410	3,501,250	3,319,910	3,493,580	3,609,150	3,807,670	3,762,180	4,000,920	3,719,720	3,652,350	3,436,510	3,252,060	2,820,390
Total asset turnover		0.76	0.73	0.74	0.78	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	0.85	0.89

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,817,600K ÷ $3,708,710K
= 0.76

Teradyne Inc's total asset turnover has shown fluctuations over the given period. The ratio ranged from a low of 0.73 to a high of 1.02. In general, a total asset turnover ratio below 1 indicates that the company is not generating a sufficient level of sales in relation to its total assets.

The trend over time shows some improvement in total asset turnover from the low point in December 2023 to the peak in March 2022. However, there has been some variability in the ratio since then, with subsequent quarters showing a mix of improvement and decline.

It is important for Teradyne Inc to ensure efficient utilization of its assets to generate more revenue. Monitoring and managing this ratio effectively can help the company optimize its asset efficiency and overall operational performance.