Mercury Systems Inc (MRCY)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 796,610 | 756,196 | 722,816 | 687,992 |
| Property, plant and equipment | US$ in thousands | 110,353 | 113,907 | 114,361 | 117,174 | 119,554 | 119,482 | 121,989 | 125,913 | 127,191 | 125,709 | 127,385 | 128,694 | 128,524 | 128,343 | 125,397 | 94,744 | 87,737 | 78,664 | 72,696 | 65,946 |
| Fixed asset turnover | 7.57 | 7.37 | 7.83 | 7.91 | 8.15 | 8.46 | 8.20 | 7.87 | 7.77 | 7.55 | 7.48 | 7.33 | 7.19 | 6.94 | 6.71 | 8.71 | 9.08 | 9.61 | 9.94 | 10.43 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $835,275K ÷ $110,353K
= 7.57
The fixed asset turnover ratio for Mercury Systems Inc has shown a consistent trend of remaining relatively stable over the past quarters, with values ranging between 6.71 and 10.43. The ratio measures how efficiently the company is generating sales revenue from its investment in fixed assets.
Overall, the higher the fixed asset turnover ratio, the better, as it indicates that the company is effectively utilizing its fixed assets to generate sales. The company's fixed asset turnover ratios have generally been above 7, suggesting that Mercury Systems Inc has been efficient in utilizing its fixed assets to generate sales revenue.
Although the ratio fluctuates slightly from quarter to quarter, it remains at a healthy level, indicating that the company is managing its fixed assets effectively. It is important for Mercury Systems Inc to continue monitoring and managing its fixed assets efficiently to maintain its revenue generation capabilities.
Peer comparison
Jun 30, 2024