Analysis of Geographic Areas
Teradyne Inc. operates in 2 regions: United States and Foreign.
Area Asset Turnover
Teradyne Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1.34 | 1.43 | 1.27 | 1.10 | 1.32 |
| Foreign | 10.78 | 16.36 | 22.43 | 17.71 | 15.70 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Foreign | Foreign area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Teradyne Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenues from customers | 433,661) | 469,948) | 392,626) | 321,674) | 333,059) |
| Long-lived assets | 322,445) | 328,341) | 308,438) | 291,234) | 252,812) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.34 | 1.43 | 1.27 | 1.10 | 1.32 |
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).
1 2023 Calculation
Area asset turnover = Revenues from customers ÷ Long-lived assets
= 433,661 ÷ 322,445 = 1.34
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Foreign
Teradyne Inc.; Foreign; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenues from customers | 2,242,637) | 2,685,097) | 3,310,255) | 2,799,795) | 1,961,906) |
| Long-lived assets | 207,995) | 164,076) | 147,609) | 158,135) | 124,943) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 10.78 | 16.36 | 22.43 | 17.71 | 15.70 |
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).
1 2023 Calculation
Area asset turnover = Revenues from customers ÷ Long-lived assets
= 2,242,637 ÷ 207,995 = 10.78
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Foreign | Foreign area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenues from customers
Teradyne Inc., revenues from customers by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 433,661) | 469,948) | 392,626) | 321,674) | 333,059) |
| Foreign | 2,242,637) | 2,685,097) | 3,310,255) | 2,799,795) | 1,961,906) |
| Total | 2,676,298) | 3,155,045) | 3,702,881) | 3,121,469) | 2,294,965) |
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).
Long-lived assets
Teradyne Inc., long-lived assets by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 322,445) | 328,341) | 308,438) | 291,234) | 252,812) |
| Foreign | 207,995) | 164,076) | 147,609) | 158,135) | 124,943) |
| Total | 530,440) | 492,417) | 456,047) | 449,369) | 377,755) |
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).