Cirrus Logic Inc (CRUS)

Fixed asset turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Sep 23, 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	1,896,077	1,843,448	1,906,694	1,845,900	1,952,694	1,897,883	1,651,721	1,761,240	1,820,994	1,897,617	2,014,767	1,972,534	1,897,846	1,781,460	1,585,025	1,522,471	1,403,910	1,369,230	1,354,984	1,243,857
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	315,151	171,047	167,238	162,972	156,602	158,722	157,165	328,080	330,240	288,778	289,897	154,942	154,312	153,640
Fixed asset turnover		—	—	—	—	—	—	5.24	10.30	10.89	11.64	12.87	12.43	12.08	5.43	4.80	5.27	4.84	8.84	8.78	8.10

March 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,896,077K ÷ $—K
= —

The fixed asset turnover ratio for Cirrus Logic Inc has shown fluctuations over the years. It was relatively high in the range of 8 to 12 in the period from September 2020 to June 2022, indicating that the company was generating significant revenue relative to its investment in fixed assets during that time.

However, from June 2022 to September 2023, the fixed asset turnover ratio declined to around 5 to 10, suggesting a decrease in the efficiency of generating sales from fixed assets. This could be due to various factors such as slower sales growth, underutilization of fixed assets, or higher capital expenditures.

In the most recent periods from September 2023 onwards, the fixed asset turnover ratio dropped to around 5, indicating a potential concern regarding the company's ability to generate revenue efficiently from its fixed assets. It's important for the company to closely monitor and manage its fixed asset base to optimize the utilization and productivity of these assets in generating sales.