Corsair Gaming Inc (CRSR)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Property, plant and equipment | US$ in thousands | 32,212 | 34,927 | 16,819 | 16,475 |
| Fixed asset turnover | 45.32 | 39.37 | 113.21 | 103.33 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,459,880K ÷ $32,212K
= 45.32
Corsair Gaming Inc's fixed asset turnover has fluctuated over the past five years, with values ranging from 39.37 to 113.21. The ratio measures how effectively the company generates sales revenue from its investments in fixed assets. A higher fixed asset turnover ratio indicates a more efficient utilization of fixed assets to generate sales.
The significant increase from 2019 to 2021 suggests that Corsair Gaming Inc was able to generate a higher level of sales relative to its fixed assets during this period. This could be due to improved operational efficiency, better asset management, or an increase in sales volume without a corresponding increase in fixed assets.
However, the subsequent decrease in the fixed asset turnover ratio in 2022 and 2023 may indicate a lower level of sales generated from fixed assets. This could be attributed to factors such as increased investment in fixed assets without a proportional increase in sales, changes in business strategy, or operational inefficiencies.
Overall, Corsair Gaming Inc should continue to monitor its fixed asset turnover ratio to ensure efficient utilization of fixed assets and sustainable growth in sales. An analysis of factors affecting the ratio can help the company make informed decisions regarding investment in fixed assets and operational improvements.
Peer comparison
Dec 31, 2023