Vicor Corporation (VICR)
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 | 413,907 | 420,379 | 415,653 | 411,092 | 401,558 | 744,011 | 725,804 | 718,994 | 719,508 | 353,979 | 347,180 | 322,565 | 297,170 | 275,993 | 268,669 | 261,279 | 263,414 | 274,009 | 281,058 | 291,685 |
| Total assets | US$ in thousands | 594,887 | 584,135 | 560,661 | 544,255 | 536,901 | 527,102 | 513,356 | 489,349 | 477,205 | 458,830 | 446,376 | 417,621 | 396,239 | 380,119 | 372,734 | 246,725 | 240,727 | 237,910 | 230,603 | 225,004 |
| Total asset turnover | 0.70 | 0.72 | 0.74 | 0.76 | 0.75 | 1.41 | 1.41 | 1.47 | 1.51 | 0.77 | 0.78 | 0.77 | 0.75 | 0.73 | 0.72 | 1.06 | 1.09 | 1.15 | 1.22 | 1.30 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $413,907K ÷ $594,887K
= 0.70
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue in relation to its total assets. It indicates how efficiently a company is utilizing its assets to generate revenue.
In the case of Vicor Corp., the total asset turnover ratio has been relatively stable over the past eight quarters, ranging from 0.68 to 0.75. This indicates that Vicor Corp. has been able to generate sales revenue at a consistent level relative to its total assets during this period.
A total asset turnover ratio of less than 1 suggests that Vicor Corp. generates less in sales revenue than the value of its total assets. While the trend is fairly stable, there may be room for improvement in terms of optimizing the company's asset utilization to increase revenue generation efficiency.
It's important for Vicor Corp. to monitor and potentially improve its total asset turnover ratio over time to ensure that the company is effectively utilizing its assets to drive revenue growth and maximize shareholder value.
Peer comparison
Dec 31, 2023