Alpha and Omega Semiconductor Ltd (AOSL)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	657,274	691,321	777,552	656,902	464,909
Property, plant and equipment	US$ in thousands	336,619	357,831	318,666	436,977	412,340
Fixed asset turnover		1.95	1.93	2.44	1.50	1.13

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $657,274K ÷ $336,619K
= 1.95

The fixed asset turnover ratio for Alpha and Omega Semiconductor Ltd has exhibited variability over the past five years, with values ranging from 1.13 to 2.44.

In 2022, the company achieved its highest fixed asset turnover of 2.44, indicating that for every dollar invested in fixed assets, the company generated $2.44 in revenue. This suggests efficient utilization of fixed assets to generate sales.

However, in 2020, the fixed asset turnover was the lowest at 1.13, implying that the company generated $1.13 in revenue for every dollar invested in fixed assets. This may indicate lower efficiency in utilizing fixed assets to drive sales.

Overall, the trend in fixed asset turnover suggests fluctuations in the company's ability to efficiently generate revenue from its fixed assets. Further analysis of the underlying reasons for these fluctuations may provide insights into the company's operational efficiency and asset management strategies.