Veeco Instruments Inc (VECO)
Fixed 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 | 717,301 | 709,094 | 701,653 | 687,415 | 666,435 | 646,310 | 640,857 | 643,215 | 646,137 | 645,310 | 623,643 | 605,988 | 583,276 | 569,250 | 531,082 | 483,375 | 454,163 | 428,419 | 425,295 | 424,480 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 111,993 | 113,228 | 107,281 | 108,416 | 131,436 | 104,128 | 128,556 | 93,851 | 109,976 | 94,755 | 65,271 | 65,811 | 69,170 | 72,291 |
| Fixed asset turnover | — | — | — | — | — | — | 5.72 | 5.68 | 6.02 | 5.95 | 4.74 | 5.82 | 4.54 | 6.07 | 4.83 | 5.10 | 6.96 | 6.51 | 6.15 | 5.87 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $717,301K ÷ $—K
= —
The fixed asset turnover ratio of Veeco Instruments Inc has shown some variability over the past few years, ranging from a low of 4.54 to a high of 6.96. This ratio measures how efficiently the company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue relative to its investment in fixed assets.
The trend in Veeco's fixed asset turnover ratio shows some fluctuations, with an overall increasing trend up to December 31, 2022, where it peaked at 6.02, indicating improved efficiency in utilizing fixed assets to generate sales. However, the ratio decreased slightly in the following periods, reaching 5.72 as of June 30, 2023.
It is important to note that the fixed asset turnover ratio for the periods September 30, 2023, and onwards is not available. This missing data may limit the ability to assess the company's recent performance in terms of fixed asset utilization.
Overall, Veeco Instruments Inc's fixed asset turnover ratio has shown some improvement over the years, but investors and analysts should continue to monitor this ratio in conjunction with other financial metrics to gain a more comprehensive understanding of the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024