ADEIA CORP (ADEA)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Revenue (ttm)	US$ in thousands	388,788	405,210	393,110	417,708	438,933	433,922	564,004	678,461	761,525	721,073	704,491	619,850
Property, plant and equipment	US$ in thousands	6,971	5,437	5,013	4,556	4,550	56,727	58,096	59,251	4,936	61,265	65,963	59,211	63,207	65,432	71,025
Fixed asset turnover		55.77	74.53	78.42	91.68	96.47	7.65	9.71	11.45	154.28	11.77	10.68	10.47

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $388,788K ÷ $6,971K
= 55.77

The fixed asset turnover of ADEIA CORP has fluctuated over the past few quarters. From March 31, 2021, to December 31, 2021, there was a gradual increase in the fixed asset turnover ratio, reaching a high of 154.28 by the end of 2021. However, this ratio dramatically dropped in the following quarter, March 31, 2022, to 11.45, before gradually increasing over the next three quarters.

The fixed asset turnover ratio peaked at 96.47 on December 31, 2022, before experiencing a significant decline in the first quarter of 2023. Subsequently, there has been a steady increase in the fixed asset turnover ratio, reaching 91.68 on March 31, 2023.

Overall, the fixed asset turnover ratio has displayed volatility in recent quarters, indicating fluctuations in how efficiently ADEIA CORP is utilizing its fixed assets to generate revenue. Further analysis and evaluation of the company's operational efficiency and asset management practices are recommended to better understand the underlying factors driving these fluctuations.