Diodes Incorporated (DIOD)

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	1,311,120	1,294,521	1,349,089	1,496,470	1,661,739	1,835,252	1,951,878	1,985,698	2,000,580	1,984,539	1,934,688	1,874,164	1,805,162	1,675,361	1,513,398	1,361,619	1,229,215	1,180,002	1,194,217	1,227,554
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	748,115	755,707	736,730	698,452	671,654	589,915	582,079	540,520	582,800	510,467	530,815	453,487	450,615	456,122
Fixed asset turnover		—	—	—	—	—	—	2.61	2.63	2.72	2.84	2.88	3.18	3.10	3.10	2.60	2.67	2.32	2.60	2.65	2.69

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,311,120K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more revenue per dollar of fixed assets, which is generally favorable.

Analyzing Diodes Incorporated's fixed asset turnover over the past few quarters shows fluctuations in the ratio. From March 31, 2020, to December 31, 2021, the ratio ranged from 2.32 to 3.10, indicating variability in how effectively the company was using its fixed assets during this period.

The ratio peaked at 3.18 on March 31, 2022, suggesting that the company significantly improved its ability to generate revenue from its fixed assets. However, the subsequent quarters saw a slight decline in the ratio, reaching 2.61 on June 30, 2023.

It is noteworthy that the data is missing for the period from September 30, 2023, to December 31, 2024, making it challenging to provide a comprehensive trend analysis for those quarters.

In conclusion, while Diodes Incorporated has shown fluctuations in its fixed asset turnover ratio, the company has generally demonstrated reasonable efficiency in generating revenue from its fixed assets. Monitoring this ratio over time can provide insights into the company's asset utilization and operational efficiency.