Vishay Intertechnology Inc (VSH)
Fixed 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 | 3,402,045 | 3,472,107 | 3,543,252 | 3,514,654 | 3,497,401 | 3,485,175 | 3,374,040 | 3,329,648 | 3,240,487 | 3,064,595 | 2,891,092 | 2,653,689 | 2,501,898 | 2,444,295 | 2,432,464 | 2,535,987 | 2,668,305 | 2,834,620 | 2,987,263 | 3,063,053 |
| Property, plant and equipment | US$ in thousands | 1,294,650 | 1,180,190 | 1,172,520 | 1,142,690 | 1,130,460 | 988,781 | 970,568 | 970,407 | 979,479 | 924,957 | 914,994 | 917,268 | 943,165 | 917,224 | 921,177 | 924,482 | 951,525 | 927,678 | 948,220 | 948,814 |
| Fixed asset turnover | 2.63 | 2.94 | 3.02 | 3.08 | 3.09 | 3.52 | 3.48 | 3.43 | 3.31 | 3.31 | 3.16 | 2.89 | 2.65 | 2.66 | 2.64 | 2.74 | 2.80 | 3.06 | 3.15 | 3.23 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,402,045K ÷ $1,294,650K
= 2.63
Vishay Intertechnology, Inc. has displayed a consistent trend of improving fixed asset turnover over the past eight quarters, indicating efficient utilization of its fixed assets to generate sales revenue. The company's fixed asset turnover ratio has ranged from 2.63 to 3.52 during this period.
The increasing trend in fixed asset turnover reflects that Vishay Intertechnology, Inc. has been able to generate more revenue per dollar invested in fixed assets over time. This can be a positive sign of operational efficiency and effective management of the company's fixed assets.
The high values of fixed asset turnover, especially in recent quarters, suggest that Vishay Intertechnology, Inc. has been adept at using its fixed assets to drive sales growth. A higher fixed asset turnover ratio is generally favorable as it indicates that the company is efficiently utilizing its fixed assets to generate sales.
Overall, the trend of increasing fixed asset turnover for Vishay Intertechnology, Inc. indicates operational efficiency and effective management of fixed assets in generating revenue. It suggests that the company is making optimal use of its fixed assets to drive sales and improve overall financial performance.
Peer comparison
Dec 31, 2023