Vishay Intertechnology Inc (VSH)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,402,040 | 3,497,400 | 3,240,490 | 2,501,900 | 2,668,300 |
| Total assets | US$ in thousands | 4,239,920 | 3,865,650 | 3,543,260 | 3,154,470 | 3,120,780 |
| Total asset turnover | 0.80 | 0.90 | 0.91 | 0.79 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,402,040K ÷ $4,239,920K
= 0.80
The total asset turnover ratio indicates how efficiently Vishay Intertechnology utilizes its assets to generate revenue. Over the past five years, the company's total asset turnover has fluctuated in a range from 0.79 to 0.91. A higher total asset turnover ratio generally suggests that the company is effectively using its assets to generate sales.
In 2023, the total asset turnover ratio decreased from 0.90 in 2022 to 0.80. This could indicate a decrease in sales relative to the size of the company's asset base, potentially signaling less efficient asset utilization compared to the previous year.
It is worth noting that while a high total asset turnover ratio is generally favorable, an extremely high ratio may indicate potential excessive reliance on assets to generate sales. Conversely, a very low total asset turnover ratio may suggest underutilization of assets or inefficiencies in the company's operations.
Overall, a comparison of Vishay Intertechnology's total asset turnover ratio over the five-year period provides insight into the company's ability to generate revenue in relation to its asset base and can be used to assess changes in operational efficiency over time.
Peer comparison
Dec 31, 2023