Ultra Clean Holdings Inc (UCTT)
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 | 2,097,500 | 1,978,900 | 1,873,500 | 1,778,900 | 1,734,500 | 1,856,200 | 2,056,200 | 2,243,400 | 2,374,200 | 2,422,900 | 2,341,600 | 2,248,100 | 2,101,600 | 1,856,100 | 1,665,700 | 1,495,300 | 1,398,600 | 1,315,400 | 1,206,400 | 1,127,000 |
| Total assets | US$ in thousands | 1,919,900 | 1,947,500 | 1,927,300 | 1,887,600 | 1,867,700 | 1,845,500 | 1,843,700 | 1,865,900 | 1,960,900 | 1,956,000 | 1,945,400 | 2,011,600 | 2,025,400 | 1,924,000 | 1,846,700 | 1,190,600 | 1,102,500 | 1,060,300 | 1,102,500 | 1,072,200 |
| Total asset turnover | 1.09 | 1.02 | 0.97 | 0.94 | 0.93 | 1.01 | 1.12 | 1.20 | 1.21 | 1.24 | 1.20 | 1.12 | 1.04 | 0.96 | 0.90 | 1.26 | 1.27 | 1.24 | 1.09 | 1.05 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,097,500K ÷ $1,919,900K
= 1.09
The total asset turnover ratio measures a company's ability to generate sales from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.
Examining the total asset turnover of Ultra Clean Holdings Inc over the past years, we observe fluctuations in the ratio. From March 31, 2020, to June 30, 2021, there was a steady increase in the total asset turnover, indicating improving efficiency in utilizing assets to generate sales.
However, from June 30, 2021, to December 31, 2023, there was a decline in the total asset turnover ratio, suggesting a potential decrease in asset utilization efficiency during this period.
In the most recent period from December 31, 2023, to December 31, 2024, there was a slight improvement in the total asset turnover ratio. This could signal an enhancement in the company's ability to generate sales from its assets compared to the previous periods.
Overall, Ultra Clean Holdings Inc's total asset turnover ratio has shown fluctuations over the years, indicating varying levels of efficiency in utilizing assets to generate revenue. It would be essential for the company to focus on optimizing asset utilization to improve profitability and operational performance in the future.
Peer comparison
Dec 31, 2024