Harmonic Inc (HLIT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 678,722 | 607,907 | 624,957 | 507,149 | 378,831 |
| Property, plant and equipment | US$ in thousands | — | — | 65,283 | 73,689 | 43,141 |
| Fixed asset turnover | — | — | 9.57 | 6.88 | 8.78 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $678,722K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company generates sales revenue from its investment in fixed assets. Looking at the data for Harmonic Inc from 2020 to 2024, the fixed asset turnover shows a declining trend. In 2020, the ratio was 8.78, indicating that the company generated $8.78 in sales for every dollar invested in fixed assets. However, by 2022, the ratio increased significantly to 9.57, suggesting a higher efficiency in utilizing fixed assets to generate sales.
It is noteworthy that there is missing data for 2023 and 2024, which hinders a complete trend analysis beyond 2022. The decreasing trend observed from 2020 to 2021 followed by an increase in 2022 signifies fluctuation in the company's efficiency in utilizing fixed assets to drive sales. Further analysis would be required to understand the factors contributing to these fluctuations and the impact on Harmonic Inc's overall financial performance.
Peer comparison
Dec 31, 2024