Analysis of Revenues
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- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
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Revenues as Reported
Teradyne Inc., income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Point in Time | |||||||||||
| Over Time | |||||||||||
| Revenues |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
The annual revenue data reveals several noteworthy trends over the five-year period from 2019 through 2023.
- Point in Time Revenue
- This metric shows an initial significant increase from approximately 1.99 billion US dollars in 2019 to about 2.80 billion in 2020, followed by further growth reaching a peak of around 3.34 billion in 2021. Subsequent years display a decline, dropping to roughly 2.77 billion in 2022 and further to approximately 2.26 billion in 2023. This pattern suggests strong growth in the early years, with a reversal to diminishing revenue in the later period.
- Over Time Revenue
- The data for revenue recognized over time exhibits a consistent upward trend throughout the five years. Starting at approximately 302 million US dollars in 2019, it increases steadily each year, climbing to an estimated 417 million in 2023. This continuous progression indicates strengthening revenue streams from contracts or arrangements recognized over time, irrespective of the point in time revenue fluctuations.
- Total Revenues
- Total revenues grow markedly from around 2.29 billion US dollars in 2019 to a peak of about 3.70 billion in 2021, reflecting combined growth in both point in time and over time revenue components. After 2021, total revenues decline to approximately 3.16 billion in 2022 and then more sharply to about 2.68 billion in 2023. This decline parallels the trend found in the point in time revenues, suggesting that the reduction in revenues recognized at a single point substantially contributes to the overall revenue decrease, even though over time revenues continue to rise.
In summary, the revenue data indicates a period of strong growth culminating in 2021, followed by a return to lower revenue levels in 2022 and 2023. The steady increase in over time revenues partially offsets the decline in point in time revenues but not enough to sustain total revenue growth beyond 2021. This might reflect shifting business dynamics, such as changes in sales timing, contract structures, or market conditions affecting revenue recognition profiles.