Alpha and Omega Semiconductor Ltd (AOSL)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 696,161,678 | 680,974 | 666,399 | 658,528 | 657,274 | 657,503 | 640,003 | 663,478 | 691,321 | 723,755 | 794,434 | 798,993 | 777,552 | 760,902 | 726,875 | 692,386 | 656,902 | 601,988 | 539,628 | 498,658 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 357,831 | 358,157 | 350,950 | 363,721 | 342,340 | 245,770 | 219,006 | 441,279 | 471,637 | 432,569 | 430,808 | 421,642 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 1.93 | 2.02 | 2.26 | 2.20 | 2.27 | 3.10 | 3.32 | 1.57 | 1.39 | 1.39 | 1.25 | 1.18 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $696,161,678K ÷ $—K
= —
The fixed asset turnover ratio for Alpha and Omega Semiconductor Ltd exhibited notable fluctuations over the period under review. From September 30, 2020, to December 31, 2020, the ratio increased slightly from 1.18 to 1.25, indicating a modest improvement in asset utilization efficiency. This upward trend continued into March 31, 2021, reaching 1.39, and remained steady at that level through June 30, 2021, suggesting consistent utilization of fixed assets to generate sales during this timeframe.
A more pronounced rise in the ratio was observed at the end of 2021. Specifically, on December 31, 2021, the ratio surged sharply to 3.32, more than doubling compared to the previous quarter, which points to a significant enhancement in fixed asset efficiency or a substantial increase in sales relative to fixed assets. This elevated ratio persisted through March 31, 2022, at 3.10, before experiencing a decline in subsequent periods.
From June 30, 2022, onward, the ratio demonstrated a declining trend, registering 2.27 at the end of September 2022 and slightly improving to 2.26 in December 2022. This decrease suggests a reduction in asset utilization efficiency or a lag in sales growth relative to fixed assets during these periods. The ratio continued to decline marginally to 2.02 by March 31, 2023, and further decreased to 1.93 by June 30, 2023.
Overall, the data indicates that Alpha and Omega Semiconductor Ltd experienced a significant peak in fixed asset turnover at the close of 2021, followed by a gradual decline in subsequent periods, approaching initial levels by mid-2023. This pattern may reflect operational changes, asset management strategies, or sales dynamics affecting the company's ability to generate revenue efficiently from its fixed assets over time. The ratios for periods beyond June 30, 2023, are not available, leaving the recent trend incomplete for further analysis.