Mercury Systems Inc (MRCY)
Fixed asset turnover
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 912,020 | 887,477 | 884,377 | 858,715 | 835,275 | 839,948 | 895,169 | 927,294 | 973,882 | 1,010,375 | 999,971 | 990,763 | 988,197 | 949,310 | 953,092 | 943,388 | 923,996 | 890,531 | 841,690 | 824,927 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 119,554 | 119,482 | 121,989 | 189,651 | 193,557 | 125,709 | 199,359 | 196,491 | 194,897 | 128,343 | 125,397 | 156,724 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 8.15 | 8.46 | 8.20 | 5.22 | 5.11 | 7.55 | 4.78 | 4.80 | 4.74 | 6.94 | 6.71 | 5.26 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $912,020K ÷ $—K
= —
The fixed asset turnover ratio for Mercury Systems Inc. demonstrates notable fluctuations over the analyzed period from September 2020 through March 2023. Initially, at the end of September 2020, the ratio stood at 5.26, indicating the company's efficiency in generating sales from its fixed assets. This ratio increased significantly by December 2020, reaching 6.71, and continued to rise through March 2021 to 6.94, suggesting improved utilization of fixed assets to generate revenue during this period.
However, a decline is observed in the subsequent quarter, with the ratio falling to 4.74 by June 2021. This downward movement persisted into September and December 2021, with ratios remaining relatively stable around 4.8 and 4.78, respectively, possibly indicating a period of reduced asset efficiency or changes in sales volume relative to fixed assets.
A marked turnaround occurred in the first quarter of 2022, when the ratio surged to 7.55, its highest level within the data set, potentially reflecting increased sales productivity or restructuring that enhanced asset utilization. This upward trend was partially reversed in the following quarters, with ratios declining to 5.11 in June 2022 and slightly recovering to around 5.22 in September 2022.
The most significant increase is evident in the December 2022 figure, reaching 8.20, followed by a marginal rise to 8.46 in March 2023, signaling a period of heightened efficiency in utilizing fixed assets to generate sales. After this peak, the ratio decreases slightly to 8.15 in June 2023, maintaining relatively high efficiency levels.
Overall, the data indicates periods of both improvement and decline in fixed asset productivity, with notable peaks in late 2022 and early 2023. These variations could be attributed to strategic changes, shifts in sales volumes, or asset management practices during these intervals. The absence of data beyond March 2023 precludes further trend analysis, but within the observed timeframe, Mercury Systems Inc. exhibited considerable fluctuations in its fixed asset turnover, reflecting dynamic operational efficiency.
Peer comparison
Jun 30, 2025