Micron Technology Inc (MU)

Fixed asset turnover

		Aug 31, 2024	Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Aug 31, 2022
Revenue	US$ in thousands	25,111,000	25,170,000	15,540,000	30,527,000	30,758,000
Property, plant and equipment	US$ in thousands	—	37,711,000	38,594,000	37,645,000	39,227,000
Fixed asset turnover		—	0.67	0.40	0.81	0.78

August 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $25,111,000K ÷ $—K
= —

The fixed asset turnover ratio measures a company's ability to generate sales from its investment in fixed assets. A higher ratio indicates that a company is able to efficiently utilize its fixed assets to generate revenue.

In the case of Micron Technology Inc, the fixed asset turnover ratio has fluctuated over the years. In August 31, 2022 the ratio stood at 0.78, increased to 0.81 by September 1, 2022, and then dropped significantly to 0.40 by August 31, 2023. This significant decrease may indicate that Micron's fixed assets were not being effectively used to generate sales during that period.

However, there seems to be a recovery in the ratio as it increased to 0.67 by August 29, 2024. Unfortunately, for the period ending August 31, 2024, the data is missing. This missing data could potentially signal a lack of clarity regarding the company's fixed asset turnover performance during that period.

Overall, it is important for investors and analysts to continue monitoring Micron's fixed asset turnover ratio to assess the company's efficiency in utilizing its fixed assets to generate sales and revenue. Tracking this ratio over time can provide valuable insights into Micron's operational performance and financial health.