Total Asset Turnover
since 2005
Calculation
Teradyne Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.77 | = | 2,676,298) | ÷ | 3,486,824) |
| Dec 31, 2022 | 0.90 | = | 3,155,045) | ÷ | 3,501,252) |
| Dec 31, 2021 | 0.97 | = | 3,702,881) | ÷ | 3,809,425) |
| Dec 31, 2020 | 0.85 | = | 3,121,469) | ÷ | 3,652,346) |
| Dec 31, 2019 | 0.82 | = | 2,294,965) | ÷ | 2,787,014) |
| Dec 31, 2018 | 0.78 | = | 2,100,802) | ÷ | 2,706,606) |
| Dec 31, 2017 | 0.69 | = | 2,136,606) | ÷ | 3,109,545) |
| Dec 31, 2016 | 0.63 | = | 1,753,250) | ÷ | 2,762,493) |
| Dec 31, 2015 | 0.64 | = | 1,639,578) | ÷ | 2,548,674) |
| Dec 31, 2014 | 0.65 | = | 1,647,824) | ÷ | 2,538,520) |
| Dec 31, 2013 | 0.54 | = | 1,427,933) | ÷ | 2,629,824) |
| Dec 31, 2012 | 0.68 | = | 1,656,750) | ÷ | 2,429,345) |
| Dec 30, 2011 | 0.65 | = | 1,429,061) | ÷ | 2,188,639) |
| Dec 31, 2010 | 0.89 | = | 1,608,650) | ÷ | 1,810,355) |
| Dec 31, 2009 | 0.66 | = | 819,407) | ÷ | 1,235,337) |
| Dec 31, 2008 | 0.90 | = | 1,107,042) | ÷ | 1,235,247) |
| Dec 31, 2007 | 0.71 | = | 1,102,280) | ÷ | 1,555,288) |
| Dec 31, 2006 | 0.80 | = | 1,376,818) | ÷ | 1,721,055) |
| Dec 31, 2005 | 0.58 | = | 1,075,232) | ÷ | 1,859,732) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The total asset turnover for Teradyne Inc. between 2005 and 2023 demonstrates a cyclical pattern of efficiency in utilizing assets to generate revenue. The ratio fluctuated significantly over this period, ranging from a low of 0.54 in 2013 to a peak of 0.97 in 2021, reflecting varying degrees of operational efficiency and market demand.
- Early Period and Stability (2005–2016)
- During this timeframe, asset turnover exhibited notable volatility. Initial peaks were observed in 2006 (0.80) and 2008 (0.90), followed by a decline to 0.66 in 2009. Between 2011 and 2016, the ratio remained relatively stagnant, hovering between 0.54 and 0.68. The lowest point of asset efficiency occurred in 2013, where a decrease in revenues combined with an increase in total assets resulted in a ratio of 0.54.
- Expansion and Peak Efficiency (2017–2021)
- A sustained upward trend in asset utilization began in 2017. This period was characterized by revenue growth that outpaced the expansion of the asset base. The total asset turnover rose steadily from 0.69 in 2017 to 0.97 in 2021. This peak indicates the highest level of productivity per dollar of assets over the analyzed period, coinciding with record revenues of approximately 3.7 billion US dollars.
- Recent Performance and Contraction (2022–2023)
- A downward trend is observed in the most recent two years of the data. The ratio declined from 0.97 in 2021 to 0.77 by the end of 2023. This contraction is primarily attributed to a decrease in annual revenues, which fell from 3.7 billion US dollars in 2021 to 2.68 billion US dollars in 2023, while the total asset base remained relatively stable at approximately 3.49 billion US dollars.
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Comparison to Competitors
Teradyne Inc., total asset turnover, long-term trends, comparison to competitors
| Teradyne Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 0.77 | 0.33 | 0.25 | 0.86 | 0.49 | 0.28 | 0.75 | 0.93 | 0.26 | 0.24 | 0.65 | 0.70 | 0.54 |
| Dec 31, 2022 | 0.90 | 0.35 | 0.24 | 0.96 | 0.45 | 0.35 | 0.73 | 1.00 | 0.20 | 0.46 | 0.61 | 0.90 | 0.74 |
| Dec 31, 2021 | 0.97 | 1.32 | 0.14 | 0.89 | 0.36 | 0.47 | 0.67 | 0.92 | 0.28 | 0.47 | 0.58 | 0.81 | 0.74 |
| Dec 31, 2020 | 0.85 | 1.09 | 0.26 | 0.77 | 0.31 | 0.51 | 0.63 | 0.69 | 0.24 | 0.40 | 0.63 | 0.66 | 0.75 |
| Dec 31, 2019 | 0.82 | 1.12 | 0.28 | 0.77 | 0.33 | 0.53 | 0.51 | 0.80 | 0.29 | 0.48 | 0.88 | 0.74 | 0.80 |
| Dec 31, 2018 | 0.78 | 1.42 | 0.30 | 0.97 | 0.42 | 0.55 | 0.72 | 0.89 | 0.51 | 0.70 | 0.86 | 0.70 | 0.92 |
| Dec 31, 2017 | 0.69 | 1.51 | 0.24 | 0.75 | 0.32 | 0.51 | 0.63 | 0.66 | 0.50 | 0.58 | 0.70 | 0.34 | 0.85 |
| Dec 31, 2016 | 0.63 | 1.29 | 0.43 | 0.74 | 0.26 | 0.52 | 0.60 | 0.48 | 0.50 | 0.45 | 0.68 | 0.45 | 0.81 |
| Dec 31, 2015 | 0.64 | 1.28 | 0.49 | 0.63 | 0.64 | 0.54 | 0.58 | 0.56 | 0.63 | 0.67 | 0.65 | 0.50 | 0.80 |
| Dec 31, 2014 | 0.65 | 1.46 | 0.42 | 0.69 | 0.41 | 0.61 | 0.53 | 0.58 | 0.62 | 0.73 | 0.57 | 0.55 | 0.74 |
| Dec 31, 2013 | 0.54 | 1.22 | 0.41 | 0.62 | 0.74 | 0.57 | 0.54 | 0.50 | 0.60 | 0.47 | 0.67 | 0.55 | 0.64 |
| Dec 31, 2012 | 0.68 | 1.36 | 0.48 | 0.72 | 0.83 | 0.63 | 0.62 | 0.33 | 0.59 | 0.57 | 0.72 | 0.44 | 0.64 |
| Dec 30, 2011 | 0.65 | 1.33 | 0.57 | 0.76 | 0.96 | 0.76 | 0.68 | 0.80 | 0.57 | 0.60 | 0.79 | 0.41 | 0.67 |
| Dec 31, 2010 | 0.89 | 1.31 | 0.64 | 0.87 | 0.97 | 0.69 | 0.47 | 0.86 | 0.54 | 0.58 | 0.93 | 0.36 | 1.04 |
| Dec 31, 2009 | 0.66 | 0.60 | 0.59 | 0.52 | 0.75 | 0.66 | 0.42 | 0.57 | 0.67 | 0.42 | 1.02 | 0.38 | 0.86 |
| Dec 31, 2008 | 0.90 | 0.76 | 0.84 | 0.74 | — | 0.74 | 0.52 | 0.88 | 0.64 | 0.43 | 1.09 | 0.45 | 1.05 |
| Dec 31, 2007 | 0.71 | 0.52 | 0.86 | 0.91 | — | 0.69 | 0.59 | 1.22 | 0.49 | 0.38 | 1.15 | 0.48 | 1.09 |
| Dec 31, 2006 | 0.80 | 0.43 | 0.65 | 0.97 | — | 0.73 | 0.45 | 0.71 | 0.48 | 0.43 | 1.24 | 0.49 | 1.02 |
| Dec 31, 2005 | 0.58 | 0.80 | 0.52 | 0.62 | — | 0.80 | 0.52 | 1.04 | 0.44 | 0.61 | 1.23 | 0.45 | 0.89 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Teradyne Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Teradyne Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2023 | 0.77 | 0.43 |
| Dec 31, 2022 | 0.90 | 0.49 |
| Dec 31, 2021 | 0.97 | 0.52 |
| Dec 31, 2020 | 0.85 | 0.50 |
| Dec 31, 2019 | 0.82 | 0.54 |
| Dec 31, 2018 | 0.78 | 0.63 |
| Dec 31, 2017 | 0.69 | 0.49 |
| Dec 31, 2016 | 0.63 | 0.50 |
| Dec 31, 2015 | 0.64 | 0.58 |
| Dec 31, 2014 | 0.65 | 0.62 |
| Dec 31, 2013 | 0.54 | 0.58 |
| Dec 31, 2012 | 0.68 | 0.60 |
| Dec 30, 2011 | 0.65 | 0.67 |
| Dec 31, 2010 | 0.89 | 0.68 |
| Dec 31, 2009 | 0.66 | 0.59 |
| Dec 31, 2008 | 0.90 | 0.69 |
| Dec 31, 2007 | 0.71 | 0.68 |
| Dec 31, 2006 | 0.80 | 0.68 |
| Dec 31, 2005 | 0.58 | 0.73 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Teradyne Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Teradyne Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 0.77 | 0.61 |
| Dec 31, 2022 | 0.90 | 0.64 |
| Dec 31, 2021 | 0.97 | 0.62 |
| Dec 31, 2020 | 0.85 | 0.58 |
| Dec 31, 2019 | 0.82 | 0.59 |
| Dec 31, 2018 | 0.78 | 0.59 |
| Dec 31, 2017 | 0.69 | 0.51 |
| Dec 31, 2016 | 0.63 | 0.55 |
| Dec 31, 2015 | 0.64 | 0.63 |
| Dec 31, 2014 | 0.65 | 0.64 |
| Dec 31, 2013 | 0.54 | 0.66 |
| Dec 31, 2012 | 0.68 | 0.70 |
| Dec 30, 2011 | 0.65 | 0.73 |
| Dec 31, 2010 | 0.89 | 0.72 |
| Dec 31, 2009 | 0.66 | 0.69 |
| Dec 31, 2008 | 0.90 | 0.79 |
| Dec 31, 2007 | 0.71 | 0.76 |
| Dec 31, 2006 | 0.80 | 0.75 |
| Dec 31, 2005 | 0.58 | 0.76 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).