Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,459,875 | 1,441,319 | 1,389,895 | 1,348,371 | 1,375,098 | 1,486,990 | 1,566,342 | 1,755,337 | 1,904,060 | 1,949,777 | 2,015,759 | |||
| Property, plant and equipment | US$ in thousands | 32,212 | 33,070 | 33,589 | 34,128 | 34,927 | 26,710 | 22,598 | 19,607 | 16,819 | 16,367 | 16,034 | 15,320 | 16,475 | 15,404 |
| Fixed asset turnover | 45.32 | 43.58 | 41.38 | 39.51 | 39.37 | 55.67 | 69.31 | 89.53 | 113.21 | 119.13 | 125.72 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,459,875K ÷ $32,212K
= 45.32
Fixed asset turnover is a financial ratio that indicates how efficiently a company is generating revenue from its fixed assets. A higher fixed asset turnover ratio suggests that a company is effectively utilizing its fixed assets to generate sales.
Analyzing the trend in Corsair Gaming Inc's fixed asset turnover ratio over the past eight quarters, we observe fluctuations in the ratio. The fixed asset turnover ratio has shown a decreasing trend from Q1 2022 to Q4 2023, indicating that the company may be becoming less efficient in generating revenue from its fixed assets.
In Q1 2022, Corsair Gaming had a fixed asset turnover ratio of 89.53, which was exceptionally high. However, the ratio has been consistently declining since then, reaching 45.32 in Q4 2023. This decrease might suggest that the company's fixed assets are not being utilized as effectively in generating sales compared to previous quarters.
Overall, the fluctuating trend in Corsair Gaming Inc's fixed asset turnover ratio warrants further investigation to understand the reasons behind the declining efficiency in utilizing fixed assets for revenue generation.
Peer comparison
Dec 31, 2023