Stock Analysis on Net

Teradyne Inc. (NASDAQ:TER)

This company has been moved to the archive! The financial data has not been updated since May 3, 2024.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Teradyne Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net fixed asset turnover 6.01 7.54 9.56 7.91 7.17
Net fixed asset turnover (including operating lease, right-of-use asset) 5.16 6.41 8.12 6.95 6.08
Total asset turnover 0.77 0.90 0.97 0.85 0.82
Equity turnover 1.06 1.29 1.45 1.41 1.55

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-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Teradyne Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Teradyne Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Teradyne Inc. total asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Teradyne Inc. equity turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

Teradyne Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 2,676,298 3,155,045 3,702,881 3,121,469 2,294,965
Property, plant and equipment, net 445,492 418,683 387,240 394,800 320,216
Long-term Activity Ratio
Net fixed asset turnover1 6.01 7.54 9.56 7.91 7.17
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 14.27 15.60 23.41 15.23 13.46
Analog Devices Inc. 3.82 5.00 3.70 5.00 4.91
Applied Materials Inc. 9.37 11.18 11.93 10.72 9.55
Broadcom Inc. 16.63 14.94 11.69 9.52 8.81
First Solar Inc. 0.75 0.74 1.10 1.13 1.40
Intel Corp. 0.56 0.78 1.25 1.38 1.30
KLA Corp. 10.17 10.84 10.44 11.17 10.18
Lam Research Corp. 9.39 10.46 11.22 9.37 9.12
Micron Technology Inc. 0.41 0.80 0.83 0.69 0.83
NVIDIA Corp. 7.09 9.69 7.76 6.52 8.34
Qualcomm Inc. 7.10 8.55 7.36 6.34 7.88
Texas Instruments Inc. 1.75 2.91 3.57 4.42 4.35
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 1.63 2.08 2.29 2.10 2.11
Net Fixed Asset Turnover, Industry
Information Technology 3.52 4.14 4.45 4.24 4.29

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
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 2,676,298 ÷ 445,492 = 6.01

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Teradyne Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Teradyne Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 2,676,298 3,155,045 3,702,881 3,121,469 2,294,965
 
Property, plant and equipment, net 445,492 418,683 387,240 394,800 320,216
Operating lease right-of-use assets, net 73,417 73,734 68,807 54,569 57,539
Property, plant and equipment, net (including operating lease, right-of-use asset) 518,909 492,417 456,047 449,369 377,755
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 5.16 6.41 8.12 6.95 6.08
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 10.21 11.96 15.37 11.50 9.55
Analog Devices Inc. 3.52 4.51 3.24 4.07 4.91
Applied Materials Inc. 8.28 9.56 10.35 9.27 9.55
Broadcom Inc. 13.69 12.12 9.35 7.71 8.81
First Solar Inc. 0.74 0.72 1.02 1.03 1.32
Intel Corp. 0.56 0.78 1.24 1.36 1.28
KLA Corp. 8.46 9.43 9.03 9.36 10.18
Lam Research Corp. 8.30 9.19 9.90 8.06 9.12
Micron Technology Inc. 0.40 0.78 0.82 0.68 0.83
NVIDIA Corp. 5.57 7.46 5.84 4.76 8.34
Qualcomm Inc. 6.34 7.62 6.62 5.64 7.88
Texas Instruments Inc. 1.66 2.74 3.27 4.03 3.95
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 1.58 2.01 2.20 2.02 2.08
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.09 3.59 3.79 3.60 4.00

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
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 2,676,298 ÷ 518,909 = 5.16

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Teradyne Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023.

Total Asset Turnover

Teradyne Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 2,676,298 3,155,045 3,702,881 3,121,469 2,294,965
Total assets 3,486,824 3,501,252 3,809,425 3,652,346 2,787,014
Long-term Activity Ratio
Total asset turnover1 0.77 0.90 0.97 0.85 0.82
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.33 0.35 1.32 1.09 1.12
Analog Devices Inc. 0.25 0.24 0.14 0.26 0.28
Applied Materials Inc. 0.86 0.96 0.89 0.77 0.77
Broadcom Inc. 0.49 0.45 0.36 0.31 0.33
First Solar Inc. 0.32 0.32 0.39 0.38 0.41
Intel Corp. 0.28 0.35 0.47 0.51 0.53
KLA Corp. 0.75 0.73 0.67 0.63 0.51
Lam Research Corp. 0.93 1.00 0.92 0.69 0.80
Micron Technology Inc. 0.24 0.46 0.47 0.40 0.48
NVIDIA Corp. 0.65 0.61 0.58 0.63 0.88
Qualcomm Inc. 0.70 0.90 0.81 0.66 0.74
Texas Instruments Inc. 0.54 0.74 0.74 0.75 0.80
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.43 0.49 0.53 0.51 0.54
Total Asset Turnover, Industry
Information Technology 0.59 0.63 0.61 0.57 0.58

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
Total asset turnover = Revenues ÷ Total assets
= 2,676,298 ÷ 3,486,824 = 0.77

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Teradyne Inc. total asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Equity Turnover

Teradyne Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 2,676,298 3,155,045 3,702,881 3,121,469 2,294,965
Shareholders’ equity 2,525,897 2,451,294 2,562,444 2,207,018 1,480,158
Long-term Activity Ratio
Equity turnover1 1.06 1.29 1.45 1.41 1.55
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.41 0.43 2.19 1.67 2.38
Analog Devices Inc. 0.35 0.33 0.19 0.47 0.51
Applied Materials Inc. 1.62 2.11 1.88 1.63 1.78
Broadcom Inc. 1.49 1.46 1.10 1.00 0.91
First Solar Inc. 0.50 0.45 0.49 0.49 0.60
Intel Corp. 0.51 0.62 0.83 0.96 0.93
KLA Corp. 3.59 6.57 2.05 2.18 1.72
Lam Research Corp. 2.12 2.74 2.43 1.94 2.07
Micron Technology Inc. 0.35 0.62 0.63 0.55 0.65
NVIDIA Corp. 1.22 1.01 0.99 0.89 1.25
Qualcomm Inc. 1.66 2.45 3.37 3.87 4.94
Texas Instruments Inc. 1.04 1.37 1.38 1.57 1.61
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 0.77 0.88 0.99 1.05 1.08
Equity Turnover, Industry
Information Technology 1.44 1.60 1.66 1.64 1.65

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
Equity turnover = Revenues ÷ Shareholders’ equity
= 2,676,298 ÷ 2,525,897 = 1.06

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Teradyne Inc. equity turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.