Allegro Microsystems Inc (ALGM)

Fixed asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	1,043,670	972,297	768,005	579,037
Property, plant and equipment	US$ in thousands	321,175	263,099	210,028	192,393
Fixed asset turnover		3.25	3.70	3.66	3.01

March 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,043,670K ÷ $321,175K
= 3.25

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates better utilization of fixed assets in generating sales.

For Allegro Microsystems Inc:
- In the most recent fiscal year ending March 31, 2024, the fixed asset turnover ratio was 3.25.
- This indicates that for every dollar invested in fixed assets, Allegro generated $3.25 in revenue.
- The trend of fixed asset turnover over the past four years shows some fluctuations:
- In fiscal year 2023, the ratio was 3.70, indicating a higher efficiency in asset utilization compared to 2024.
- In fiscal year 2022, the ratio was 3.66, also showing strong asset utilization.
- In fiscal year 2021, the ratio was 3.01, indicating slightly lower efficiency in asset turnover compared to the subsequent years.

Overall, Allegro Microsystems Inc has maintained a relatively stable and efficient utilization of fixed assets over the past four years, as reflected in the fluctuations in the fixed asset turnover ratio.