Microchip Technology Inc (MCHP)

Fixed asset turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	4,401,600	7,634,400	8,438,700	6,820,900	5,438,400
Property, plant and equipment	US$ in thousands	—	—	1,177,900	967,900	854,700
Fixed asset turnover		—	—	7.16	7.05	6.36

March 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,401,600K ÷ $—K
= —

Microchip Technology Inc's fixed asset turnover ratio has shown a positive trend over the past few years, increasing from 6.36 in March 31, 2021 to 7.05 in March 31, 2022 and further to 7.16 in March 31, 2023. This indicates that the company is generating more revenue relative to its fixed assets, reflecting efficient utilization of its fixed assets to generate sales. However, it is noted that the data for March 31, 2024 and March 31, 2025 are not provided (marked as "—"), so the trend for those periods cannot be determined. Overall, the increasing trend in fixed asset turnover ratio until 2023 suggests that Microchip Technology Inc has been effectively managing its fixed assets to drive sales growth.