Veeco Instruments Inc (VECO)
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 | 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 |
| Total assets | US$ in thousands | 1,251,580 | 1,272,870 | 1,235,120 | 1,233,690 | 1,229,040 | 1,246,230 | 1,228,450 | 1,167,250 | 1,128,180 | 996,617 | 916,652 | 920,364 | 898,976 | 997,808 | 975,509 | 945,242 | 898,064 | 889,625 | 865,070 | 832,886 |
| Total asset turnover | 0.57 | 0.56 | 0.57 | 0.56 | 0.54 | 0.52 | 0.52 | 0.55 | 0.57 | 0.65 | 0.68 | 0.66 | 0.65 | 0.57 | 0.54 | 0.51 | 0.51 | 0.48 | 0.49 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $717,301K ÷ $1,251,580K
= 0.57
Veeco Instruments Inc's total asset turnover ratio has shown some fluctuations over the recent periods, ranging from 0.48 to 0.68. The ratio measures the efficiency of the company in generating revenue from its total assets. A higher turnover ratio indicates that the company is effectively utilizing its assets to generate sales.
From the data provided, we can observe that there was a consistent improvement in the total asset turnover ratio from March 31, 2022, to June 30, 2022, reaching its peak of 0.68. However, this trend was not sustained as there was a slight decline in the ratio in the subsequent periods. The ratio stabilized around 0.56 to 0.57 from June 30, 2024, to December 31, 2024.
Overall, Veeco Instruments Inc's total asset turnover ratio demonstrates variations in the efficiency of asset utilization for revenue generation, which could be influenced by changes in the company's operational performance, asset management strategies, or changes in the industry environment.
Peer comparison
Dec 31, 2024