Corsair Gaming Inc (CRSR)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,316,379 | 1,320,042 | 1,379,036 | 1,443,168 | 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 | 1,923,263 | 1,702,367 | 1,472,583 | 1,299,852 | 1,160,309 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 71,663 | 33,589 | 34,128 | 80,102 | 26,710 | 22,598 | 19,607 | 16,819 | 16,367 | 16,034 | 15,320 | 16,475 | 15,404 | 14,692 | — |
| Fixed asset turnover | — | — | — | — | — | 20.11 | 41.38 | 39.51 | 17.17 | 55.67 | 69.31 | 89.53 | 113.21 | 119.13 | 125.72 | 125.54 | 103.33 | 95.60 | 88.47 | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,316,379K ÷ $—K
= —
The fixed asset turnover ratio for Corsair Gaming Inc provides insights into how efficiently the company is utilizing its fixed assets to generate revenue. From the data provided, we observe significant fluctuations in the fixed asset turnover ratio over the period.
In the initial quarters of 2020 and 2021, the fixed asset turnover ratio showed a steady increasing trend, reaching its peak at 125.72 in June 2021, indicating that Corsair was generating a high level of sales relative to its fixed assets during this period.
However, starting from September 2021, there was a noticeable decline in the fixed asset turnover ratio, dropping to 55.67 by September 2022. This could suggest a decrease in sales generated from fixed assets or an increase in the carrying value of fixed assets.
The ratio continued to exhibit volatility in the subsequent quarters with fluctuations between 17.17 and 41.38, indicating inconsistent efficiency in asset utilization for revenue generation.
By the end of 2024, the fixed asset turnover ratio data was not available, potentially indicating incomplete reporting or a strategic shift in financial reporting.
Overall, it is essential for Corsair Gaming Inc to analyze the factors behind these fluctuations to optimize the utilization of its fixed assets effectively and enhance overall operational efficiency to maintain stable and profitable growth in the long term.
Peer comparison
Dec 31, 2024