Ultra Clean Holdings Inc (UCTT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,097,600 | 1,734,500 | 2,374,300 | 2,101,600 | 1,398,600 |
| Total assets | US$ in thousands | 1,919,900 | 1,867,700 | 1,960,900 | 2,025,400 | 1,102,500 |
| Total asset turnover | 1.09 | 0.93 | 1.21 | 1.04 | 1.27 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,097,600K ÷ $1,919,900K
= 1.09
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. In the case of Ultra Clean Holdings Inc, the total asset turnover has fluctuated over the years.
In December 31, 2020, the total asset turnover was 1.27, indicating that the company generated $1.27 in revenue for every dollar of assets. However, by December 31, 2023, the total asset turnover had decreased to 0.93, suggesting a decline in asset efficiency.
Subsequently, by December 31, 2024, the total asset turnover improved to 1.09, showing a slight recovery in asset utilization. Overall, the trend in total asset turnover for Ultra Clean Holdings Inc has shown variability, with fluctuations impacting the company's ability to generate revenue relative to its asset base.
Peer comparison
Dec 31, 2024