Micron Technology Inc (MU)

Fixed asset turnover

		Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	Aug 29, 2024	May 31, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	May 31, 2023	Mar 2, 2023	Feb 28, 2023	Dec 1, 2022	Nov 30, 2022	Sep 1, 2022	Aug 31, 2022	Jun 2, 2022	May 31, 2022	Mar 3, 2022
Revenue (ttm)	US$ in thousands	32,684,000	31,442,000	29,432,000	27,506,000	24,060,000	21,259,000	23,285,000	21,213,000	20,100,000	19,783,000	15,092,000	15,425,000	18,435,000	21,385,000	25,954,000	30,511,000	31,619,000	32,762,000	31,718,000	30,763,000
Property, plant and equipment	US$ in thousands	—	—	—	37,711,000	—	35,982,000	—	—	38,594,000	37,540,000	39,382,000	38,001,000	39,758,000	38,411,000	40,028,000	37,645,000	39,227,000	35,741,000	37,355,000	35,203,000
Fixed asset turnover		—	—	—	0.73	—	0.59	—	—	0.52	0.53	0.38	0.41	0.46	0.56	0.65	0.81	0.81	0.92	0.85	0.87

February 28, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $32,684,000K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets such as property, plant, and equipment.

Analyzing the data provided for Micron Technology Inc over multiple periods, we observe fluctuations in the fixed asset turnover ratio. In general, a higher ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.

From March 3, 2022, to June 1, 2023, Micron's fixed asset turnover ratio fluctuated between 0.38 and 0.92, showing some variation in the efficiency of asset utilization during this period. However, the ratio declined significantly towards the end of this period. This decline continued into the future, with the ratio reaching as low as 0.41 on March 2, 2023, and further dropping to 0.38 by May 31, 2023.

After this decline, there was a slight improvement as the ratio increased to 0.53 on June 1, 2023, and further improved to 0.73 by August 29, 2024. However, there were also periods where data for the fixed asset turnover ratio was not available (represented by "—"), which could indicate missing information or significant changes in the company's reporting practices.

Overall, based on the available data, Micron's fixed asset turnover ratio has shown variability, suggesting fluctuations in the company's efficiency in utilizing its fixed assets to generate revenue. Further analysis and comparison with industry peers may provide additional insights into Micron's performance in this aspect.