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Veritec (VRTC) Asset Utilization Ratio (2016 - 2024)

Veritec has reported Asset Utilization Ratio over the past 14 years, most recently at 4.27 for Q3 2024.

  • Quarterly results put Asset Utilization Ratio at 4.27 for Q3 2024, down 6.54% from a year ago — trailing twelve months through Sep 2024 was 4.27 (down 6.54% YoY), and the annual figure for FY2024 was 4.48, down 3.82%.
  • Asset Utilization Ratio for Q3 2024 was 4.27 at Veritec, up from 3.07 in the prior quarter.
  • Over the last five years, Asset Utilization Ratio for VRTC hit a ceiling of 4.57 in Q3 2023 and a floor of 1.23 in Q1 2021.
  • Median Asset Utilization Ratio over the past 5 years was 2.03 (2022), compared with a mean of 2.38.
  • Peak annual rise in Asset Utilization Ratio hit 88.28% in 2020, while the deepest fall reached 61.63% in 2020.
  • Veritec's Asset Utilization Ratio stood at 1.92 in 2020, then fell by 17.36% to 1.59 in 2021, then rose by 27.49% to 2.03 in 2022, then skyrocketed by 77.41% to 3.6 in 2023, then rose by 18.7% to 4.27 in 2024.
  • The last three reported values for Asset Utilization Ratio were 4.27 (Q3 2024), 3.07 (Q2 2024), and 2.59 (Q1 2024) per Business Quant data.