Veeco Instruments Inc (VECO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 717,301 | 666,435 | 646,137 | 583,277 | 454,163 |
| Property, plant and equipment | US$ in thousands | — | — | 107,281 | 128,556 | 65,271 |
| Fixed asset turnover | — | — | 6.02 | 4.54 | 6.96 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $717,301K ÷ $—K
= —
Veeco Instruments Inc's fixed asset turnover ratio declined from 6.96 in December 2020 to 4.54 in December 2021 before increasing to 6.02 in December 2022. The ratio is not available for December 2023 and December 2024. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, reflecting efficient asset utilization. The decrease in the ratio in 2021 may suggest a decrease in sales relative to the value of fixed assets, while the subsequent increase in 2022 indicates improved efficiency in utilizing fixed assets. It is essential for the company to monitor this ratio consistently to ensure optimal utilization of its fixed assets for revenue generation.
Peer comparison
Dec 31, 2024