Vishay Intertechnology Inc (VSH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,937,590 | 3,402,040 | 3,497,400 | 3,240,490 | 2,501,900 |
| Total assets | US$ in thousands | 4,110,700 | 4,239,920 | 3,865,650 | 3,543,260 | 3,154,470 |
| Total asset turnover | 0.71 | 0.80 | 0.90 | 0.91 | 0.79 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,937,590K ÷ $4,110,700K
= 0.71
The total asset turnover ratio for Vishay Intertechnology Inc has shown some fluctuations over the past five years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.
In December 31, 2020, the total asset turnover was 0.79, suggesting that for every dollar of assets, the company generated $0.79 in revenue. This indicates a relatively low level of asset utilization.
By December 31, 2021, the total asset turnover ratio improved to 0.91, showing that the company became more efficient in using its assets to generate revenue.
In the following years, the ratio remained relatively stable, with values of 0.90 in 2022 and 0.80 in 2023. This stability indicates that the company maintained a consistent level of asset utilization.
However, by December 31, 2024, the total asset turnover ratio declined to 0.71, suggesting a decrease in asset efficiency and revenue generation compared to the previous years.
Overall, Vishay Intertechnology Inc's total asset turnover ratio has shown variability over the years, with improvements in some periods and a decline in others. It is essential for the company to monitor and improve this ratio to ensure optimal utilization of assets and maximize revenue generation.
Peer comparison
Dec 31, 2024