Veeco Instruments Inc (VECO)
Total 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 |
| Total assets | US$ in thousands | 1,251,580 | 1,229,040 | 1,128,180 | 898,976 | 898,064 |
| Total asset turnover | 0.57 | 0.54 | 0.57 | 0.65 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $717,301K ÷ $1,251,580K
= 0.57
Veeco Instruments Inc's total asset turnover has exhibited some fluctuation over the past few years. The ratio increased from 0.51 in December 31, 2020, to 0.65 in December 31, 2021, indicating a more efficient use of assets to generate sales. However, there was a slight decline in the total asset turnover to 0.57 in December 31, 2022, followed by a further decrease to 0.54 in December 31, 2023. This may suggest some challenges in effectively generating revenue from the company's assets during these periods.
Subsequently, the total asset turnover improved to 0.57 in December 31, 2024, showing a recovery in asset utilization efficiency. Overall, the trend in total asset turnover for Veeco Instruments Inc demonstrates some volatility but highlights the importance of monitoring the company's ability to generate sales relative to its asset base.
Peer comparison
Dec 31, 2024