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
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

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

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Net fixed asset turnover 5.81 6.01 6.27 6.55 6.98 7.54 7.97 8.34 9.20 9.56 9.16 8.71 7.95 7.91 7.81 7.86 7.54 7.17
Net fixed asset turnover (including operating lease, right-of-use asset) 5.00 5.16 5.31 5.58 5.95 6.41 6.94 7.18 7.87 8.12 7.91 7.54 7.05 6.95 6.84 6.78 6.41 6.08
Total asset turnover 0.78 0.77 0.81 0.84 0.89 0.90 1.00 0.98 1.02 0.97 0.95 0.86 0.86 0.85 0.88 0.86 0.89 0.82
Equity turnover 1.04 1.06 1.12 1.17 1.23 1.29 1.47 1.49 1.49 1.45 1.41 1.38 1.38 1.41 1.51 1.59 1.62 1.55

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Teradyne Inc. total asset turnover ratio deteriorated from Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Teradyne Inc. equity turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Net Fixed Asset Turnover

Teradyne Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 599,819 670,600 703,732 684,437 617,529 731,836 827,073 840,766 755,370 885,046 950,501 1,085,728 781,606 758,969 819,484 838,661 704,355 654,650 582,038 564,178 494,099
Property, plant and equipment, net 457,248 445,492 436,449 437,077 432,381 418,683 415,181 411,263 399,485 387,240 390,545 395,395 402,465 394,800 386,170 353,595 332,241 320,216 307,567 295,895 283,300
Long-term Activity Ratio
Net fixed asset turnover1 5.81 6.01 6.27 6.55 6.98 7.54 7.97 8.34 9.20 9.56 9.16 8.71 7.95 7.91 7.81 7.86 7.54 7.17
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 14.04 14.27 14.12 14.20 15.38 15.60 15.36 14.97 13.43 23.41 20.71 19.88 16.77 15.23 14.53 13.07 13.42 13.46
Analog Devices Inc. 3.52 3.82 4.39 4.69 4.98 5.00 5.09 4.66 4.14 3.70 5.54 5.34 5.19 5.00 4.87 4.66 4.77 4.91 5.03 5.15 5.27
Applied Materials Inc. 9.37 9.74 10.19 10.41 10.53 11.18 11.47 11.99 12.25 11.93 11.92 11.21 11.11 10.72 10.63 10.06 9.66 9.55 9.83 10.56 11.54
Broadcom Inc. 14.60 16.63 16.26 15.86 15.63 14.94 14.08 13.26 12.38 11.69 11.19 10.58 9.89 9.52 9.04 8.74 8.66 8.81 8.53 8.22 7.94
First Solar Inc. 0.73 0.75 0.78 0.74 0.73 0.74 0.81 0.83 0.89 1.10 1.05 1.24 1.24 1.13 1.47 1.34 1.36 1.40
Intel Corp. 0.55 0.56 0.57 0.59 0.66 0.78 0.92 1.02 1.16 1.25 1.31 1.33 1.36 1.38 1.32 1.36 1.33 1.30
KLA Corp. 9.59 10.17 10.80 10.87 10.79 10.84 10.69 11.39 10.68 10.44 10.27 10.22 10.56 11.17 11.26 10.77 10.29 10.18
Lam Research Corp. 7.50 9.39 10.16 10.22 10.47 10.46 10.72 10.99 11.48 11.22 10.37 9.87 9.75 9.37 9.17 9.12 9.21 9.12
Micron Technology Inc. 0.43 0.41 0.47 0.59 0.69 0.80 0.88 0.86 0.84 0.83 0.79 0.74 0.68 0.69 0.67 0.66 0.70 0.83
NVIDIA Corp. 6.92 7.09 7.57 9.20 10.13 9.69 9.67 9.26 8.49 7.76 7.18 6.65 6.87 6.52 6.60 6.86 7.28 8.34
Qualcomm Inc. 7.40 7.10 7.40 7.78 8.24 8.55 8.36 8.02 7.63 7.36 7.36 7.03 6.62 6.34 5.74 7.37 7.73 7.88
Texas Instruments Inc. 1.61 1.75 1.94 2.21 2.54 2.91 3.11 3.30 3.49 3.57 4.37 4.56 4.49 4.42 4.31 4.28 4.37 4.35

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Net fixed asset turnover = (RevenuesQ1 2024 + RevenuesQ4 2023 + RevenuesQ3 2023 + RevenuesQ2 2023) ÷ Property, plant and equipment, net
= (599,819 + 670,600 + 703,732 + 684,437) ÷ 457,248 = 5.81

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

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 (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 599,819 670,600 703,732 684,437 617,529 731,836 827,073 840,766 755,370 885,046 950,501 1,085,728 781,606 758,969 819,484 838,661 704,355 654,650 582,038 564,178 494,099
 
Property, plant and equipment, net 457,248 445,492 436,449 437,077 432,381 418,683 415,181 411,263 399,485 387,240 390,545 395,395 402,465 394,800 386,170 353,595 332,241 320,216 307,567 295,895 283,300
Operating lease right-of-use assets, net 74,625 73,417 78,978 75,889 74,939 73,734 61,430 66,661 67,718 68,807 61,608 61,849 51,516 54,569 54,724 56,172 58,808 57,539 57,595 56,315 50,733
Property, plant and equipment, net (including operating lease, right-of-use asset) 531,873 518,909 515,427 512,966 507,320 492,417 476,611 477,924 467,203 456,047 452,153 457,244 453,981 449,369 440,894 409,767 391,049 377,755 365,162 352,210 334,033
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 5.00 5.16 5.31 5.58 5.95 6.41 6.94 7.18 7.87 8.12 7.91 7.54 7.05 6.95 6.84 6.78 6.41 6.08
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 10.11 10.21 10.67 10.93 11.85 11.96 11.55 11.22 10.36 15.37 14.84 14.53 12.39 11.50 10.67 9.56 9.52 9.55
Micron Technology Inc. 0.42 0.40 0.46 0.58 0.68 0.78 0.87 0.85 0.83 0.82 0.78 0.72 0.67 0.68 0.66 0.65 0.69 0.83
NVIDIA Corp. 5.35 5.57 6.08 7.28 7.83 7.46 7.27 6.92 6.43 5.84 5.39 4.90 5.10 4.76 4.90 5.04 5.34 8.34

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (RevenuesQ1 2024 + RevenuesQ4 2023 + RevenuesQ3 2023 + RevenuesQ2 2023) ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= (599,819 + 670,600 + 703,732 + 684,437) ÷ 531,873 = 5.00

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Total Asset Turnover

Teradyne Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 599,819 670,600 703,732 684,437 617,529 731,836 827,073 840,766 755,370 885,046 950,501 1,085,728 781,606 758,969 819,484 838,661 704,355 654,650 582,038 564,178 494,099
Total assets 3,410,720 3,486,824 3,370,655 3,394,896 3,383,407 3,501,252 3,319,906 3,488,426 3,609,154 3,809,425 3,762,182 4,000,922 3,719,717 3,652,346 3,436,512 3,249,189 2,820,388 2,787,014 2,698,791 2,671,514 2,616,643
Long-term Activity Ratio
Total asset turnover1 0.78 0.77 0.81 0.84 0.89 0.90 1.00 0.98 1.02 0.97 0.95 0.86 0.86 0.85 0.88 0.86 0.89 0.82
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.34 0.33 0.33 0.32 0.34 0.35 0.34 0.32 0.28 1.32 1.33 1.25 1.14 1.09 1.23 1.16 1.24 1.12
Analog Devices Inc. 0.24 0.25 0.26 0.26 0.25 0.24 0.22 0.19 0.16 0.14 0.30 0.29 0.27 0.26 0.26 0.26 0.27 0.28 0.28 0.29 0.29
Applied Materials Inc. 0.84 0.86 0.87 0.92 0.94 0.96 0.96 0.98 0.95 0.89 0.88 0.82 0.78 0.77 0.77 0.71 0.76 0.77 0.79 0.84 0.89
Broadcom Inc. 0.22 0.49 0.50 0.49 0.47 0.45 0.44 0.42 0.39 0.36 0.35 0.34 0.32 0.31 0.29 0.28 0.28 0.33 0.32 0.31 0.30
First Solar Inc. 0.33 0.32 0.33 0.33 0.33 0.32 0.34 0.33 0.34 0.39 0.36 0.41 0.42 0.38 0.50 0.44 0.44 0.41
Intel Corp. 0.29 0.28 0.28 0.29 0.30 0.35 0.40 0.43 0.44 0.47 0.47 0.50 0.52 0.51 0.54 0.52 0.51 0.53
KLA Corp. 0.72 0.75 0.78 0.76 0.75 0.73 0.72 0.70 0.67 0.67 0.65 0.62 0.64 0.63 0.63 0.57 0.53 0.51
Lam Research Corp. 0.85 0.93 0.98 0.99 0.96 1.00 1.01 0.99 1.01 0.92 0.87 0.78 0.73 0.69 0.74 0.80 0.77 0.80
Micron Technology Inc. 0.25 0.24 0.28 0.35 0.40 0.46 0.50 0.49 0.48 0.47 0.46 0.43 0.41 0.40 0.39 0.39 0.42 0.48
NVIDIA Corp. 0.58 0.65 0.71 0.68 0.65 0.61 0.60 0.57 0.63 0.58 0.55 0.52 0.51 0.63 0.63 0.69 0.77 0.88
Qualcomm Inc. 0.70 0.70 0.79 0.85 0.86 0.90 0.90 0.89 0.84 0.81 0.84 0.79 0.71 0.66 0.62 0.77 0.74 0.74
Texas Instruments Inc. 0.48 0.54 0.57 0.61 0.67 0.74 0.77 0.79 0.75 0.74 0.76 0.81 0.79 0.75 0.75 0.78 0.82 0.80

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Total asset turnover = (RevenuesQ1 2024 + RevenuesQ4 2023 + RevenuesQ3 2023 + RevenuesQ2 2023) ÷ Total assets
= (599,819 + 670,600 + 703,732 + 684,437) ÷ 3,410,720 = 0.78

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 Q3 2023 to Q4 2023 but then slightly improved from Q4 2023 to Q1 2024.

Equity Turnover

Teradyne Inc., equity turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in thousands)
Revenues 599,819 670,600 703,732 684,437 617,529 731,836 827,073 840,766 755,370 885,046 950,501 1,085,728 781,606 758,969 819,484 838,661 704,355 654,650 582,038 564,178 494,099
Shareholders’ equity 2,557,829 2,525,897 2,441,300 2,434,883 2,449,462 2,451,294 2,254,125 2,298,596 2,474,532 2,562,444 2,537,493 2,493,256 2,324,553 2,207,018 1,993,544 1,744,551 1,550,673 1,480,158 1,482,635 1,479,412 1,470,228
Long-term Activity Ratio
Equity turnover1 1.04 1.06 1.12 1.17 1.23 1.29 1.47 1.49 1.49 1.45 1.41 1.38 1.38 1.41 1.51 1.59 1.62 1.55
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.41 0.41 0.40 0.40 0.42 0.43 0.42 0.39 0.34 2.19 2.08 1.89 1.76 1.67 2.24 2.31 2.39 2.38
Analog Devices Inc. 0.33 0.35 0.36 0.36 0.34 0.33 0.30 0.26 0.23 0.19 0.53 0.51 0.48 0.47 0.47 0.48 0.49 0.51 0.52 0.53 0.54
Applied Materials Inc. 1.52 1.62 1.76 1.89 1.96 2.11 2.08 2.14 2.03 1.88 1.79 1.65 1.59 1.63 1.70 1.71 1.73 1.78 1.83 1.92 2.05
Broadcom Inc. 0.55 1.49 1.61 1.59 1.48 1.46 1.52 1.43 1.24 1.10 1.09 1.07 1.03 1.00 0.98 0.96 0.93 0.91 1.04 0.98 0.92
First Solar Inc. 0.52 0.50 0.50 0.50 0.48 0.45 0.43 0.42 0.42 0.49 0.45 0.51 0.52 0.49 0.65 0.60 0.59 0.60
Intel Corp. 0.52 0.51 0.52 0.53 0.58 0.62 0.70 0.73 0.75 0.83 0.87 0.91 0.97 0.96 1.05 0.96 0.99 0.93
KLA Corp. 3.40 3.59 3.96 4.03 4.69 6.57 2.12 2.02 1.93 2.05 2.07 2.07 2.16 2.18 2.43 1.98 1.84 1.72
Lam Research Corp. 1.97 2.12 2.24 2.29 2.43 2.74 2.78 2.55 2.71 2.43 2.47 2.17 2.04 1.94 2.12 2.18 1.92 2.07
Micron Technology Inc. 0.38 0.35 0.40 0.49 0.55 0.62 0.66 0.65 0.65 0.63 0.60 0.58 0.55 0.55 0.54 0.53 0.57 0.65
NVIDIA Corp. 1.06 1.22 1.34 1.25 1.12 1.01 1.02 1.04 1.03 0.99 0.96 0.94 0.90 0.89 0.89 0.99 1.11 1.25
Qualcomm Inc. 1.57 1.66 1.87 2.08 2.28 2.45 2.63 2.95 3.18 3.37 3.98 3.96 3.62 3.87 6.05 8.13 5.43 4.94
Texas Instruments Inc. 0.99 1.04 1.09 1.18 1.28 1.37 1.39 1.39 1.35 1.38 1.45 1.50 1.52 1.57 1.65 1.79 1.83 1.61

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Equity turnover = (RevenuesQ1 2024 + RevenuesQ4 2023 + RevenuesQ3 2023 + RevenuesQ2 2023) ÷ Shareholders’ equity
= (599,819 + 670,600 + 703,732 + 684,437) ÷ 2,557,829 = 1.04

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.