Flex Ltd (FLEX)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,813,000 | 25,584,000 | 26,131,000 | 27,057,000 | 28,079,000 | 29,387,000 | 30,040,000 | 30,335,000 | 30,346,000 | 29,720,000 | 28,583,000 | 27,046,000 | 26,041,000 | 25,456,000 | 25,557,000 | 25,313,000 | 24,124,330 | 23,342,820 | 23,084,210 | 23,187,260 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 2,937,000 | — | 2,349,000 | 2,289,000 | 2,797,000 | 2,135,000 | 2,762,000 | 2,734,000 | 2,712,000 | 2,717,000 | 2,097,000 | 2,097,000 | 2,106,000 | 2,162,720 |
| Fixed asset turnover | — | — | — | — | — | — | 10.23 | — | 12.92 | 12.98 | 10.22 | 12.67 | 9.43 | 9.31 | 9.42 | 9.32 | 11.50 | 11.13 | 10.96 | 10.72 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $25,813,000K ÷ $—K
= —
The fixed asset turnover ratio for Flex Ltd has shown fluctuations over the past several quarters. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.
From June 2020 to March 2022, the fixed asset turnover steadily increased from 10.72 to 12.67, indicating that Flex Ltd was effectively leveraging its fixed assets to generate revenue. This upward trend suggests improved efficiency in asset utilization during this period.
However, starting from June 2022, the fixed asset turnover ratio began to decrease, reaching 9.43 by March 2023. This decline could indicate a potential decrease in efficiency in utilizing fixed assets to generate revenue during this period.
Although there is missing data for the fixed asset turnover ratio from June 2023 to March 2025, it is important for Flex Ltd to closely monitor this ratio in future quarters to ensure optimal utilization of its fixed assets and maintain or improve operational efficiency.
Peer comparison
Mar 31, 2025