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Kulicke & Soffa Industries (Kulicke & Soffa Industries) Asset Turnover : 0.12 (As of Dec. 2023)


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What is Kulicke & Soffa Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kulicke & Soffa Industries's Revenue for the three months ended in Dec. 2023 was $171.2 Mil. Kulicke & Soffa Industries's Total Assets for the quarter that ended in Dec. 2023 was $1,493.3 Mil. Therefore, Kulicke & Soffa Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Kulicke & Soffa Industries's annualized ROE % for the quarter that ended in Dec. 2023 was 3.18%. It is also linked to ROA % through Du Pont Formula. Kulicke & Soffa Industries's annualized ROA % for the quarter that ended in Dec. 2023 was 2.49%.


Kulicke & Soffa Industries Asset Turnover Historical Data

The historical data trend for Kulicke & Soffa Industries's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kulicke & Soffa Industries Asset Turnover Chart

Kulicke & Soffa Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.58 1.14 0.94 0.48

Kulicke & Soffa Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.11 0.13 0.14 0.12

Competitive Comparison of Kulicke & Soffa Industries's Asset Turnover

For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kulicke & Soffa Industries's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Kulicke & Soffa Industries's Asset Turnover falls into.



Kulicke & Soffa Industries Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Kulicke & Soffa Industries's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=742.491/( (1588.599+1499.777)/ 2 )
=742.491/1544.188
=0.48

Kulicke & Soffa Industries's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=171.189/( (1499.777+1486.726)/ 2 )
=171.189/1493.2515
=0.11

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Kulicke & Soffa Industries  (NAS:KLIC) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Kulicke & Soffa Industries's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=37.172/1167.906
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(37.172 / 684.756)*(684.756 / 1493.2515)*(1493.2515/ 1167.906)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.43 %*0.4586*1.2786
=ROA %*Equity Multiplier
=2.49 %*1.2786
=3.18 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Kulicke & Soffa Industries's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=37.172/1493.2515
=(Net Income / Revenue)*(Revenue / Total Assets)
=(37.172 / 684.756)*(684.756 / 1493.2515)
=Net Margin %*Asset Turnover
=5.43 %*0.4586
=2.49 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Kulicke & Soffa Industries Asset Turnover Related Terms

Thank you for viewing the detailed overview of Kulicke & Soffa Industries's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Kulicke & Soffa Industries (Kulicke & Soffa Industries) Business Description

Traded in Other Exchanges
Address
1005 Virginia Drive, Fort Washington, Philadelphia, PA, USA, 19034
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company has four reportable segments which includes Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services. Its Ball Bonding Equipment segment which generates the majority of the revenue for the company includes results of the company from the design, development, manufacture and sale of ball bonding equipment and wafer level bonding equipment. The majority of its customers are located in the Asia-pacific region.
Executives
Lester A Wong officer: Senior Vice President 23A, SERANGOON NORTH AVE 5, #01-01, SINGAPORE U0 554369
Nelson Munpun Wong officer: Vice President 23A, SERANGOON NORTH AVE 5, #01-01, SINGAPORE U0 554369
Stephen Ray Drake officer: Vice President 23A SERANGOON NORTH AVENUE 5 #01-01, SINGAPORE U0 554369
Fusen Ernie Chen director 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Robert Nestor Chylak officer: Vice President 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Denise Dignam director C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801
Chan Pin Chong officer: Senior Vice President 23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Chin Hu Lim director 23A, SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Zamir Shai Soloveizik officer: Vice President 23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369
Jon A Olson director 2100 LOGIC DRIVE, SAN JOSE CA 95124
Gregory F Milzcik director 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
David Jeffrey Richardson director LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Kong Peter T M director KULICKE AND SOFFA INDUSTRIES INC., 1005 VIRGINIA DRIVE, FT. WASHINGTON PA 19034
Brian R Bachman director 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Thiam Hong Lim officer: Vice President 23A SERANGOON NORTH AVENUE 5, #01-01, SINGAPORE U0 554369