Ultra Clean Holdings Inc (UCTT)

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	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	1,066,200	1,037,200	1,017,000	1,041,800
Total assets	US$ in thousands	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	1,019,300	1,019,300	1,008,960	1,019,300
Total asset turnover		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	1.05	1.02	1.01	1.02

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,734,500K ÷ $1,867,700K
= 0.93

Total asset turnover measures the efficiency with which a company utilizes its assets to generate revenue. Ultra Clean Holdings Inc's total asset turnover has varied over the past five quarters, ranging from 0.90 to 1.26. A higher total asset turnover indicates that the company is generating more revenue relative to its total assets. The fluctuations in the total asset turnover may suggest changes in the company's operational efficiency and asset utilization. It is important for investors and analysts to track this ratio over time to assess the company's ability to generate sales from its asset base efficiently.