MaxLinear Inc (MXL)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 360,528 | 393,714 | 448,142 | 540,090 | 693,263 | 858,496 | 1,008,696 | 1,104,767 | 1,120,252 | 1,077,555 | 1,021,599 | 946,966 | 892,398 | 839,225 | 766,084 | 625,928 | 478,596 | 353,898 | 277,285 | 294,572 |
| Property, plant and equipment | US$ in thousands | 59,300 | 63,493 | 65,422 | 68,338 | 66,431 | 69,484 | 73,845 | 77,691 | 79,018 | 67,081 | 64,136 | 60,022 | 60,924 | 53,022 | 48,104 | 40,787 | 39,470 | 37,258 | 18,059 | 15,751 |
| Fixed asset turnover | 6.08 | 6.20 | 6.85 | 7.90 | 10.44 | 12.36 | 13.66 | 14.22 | 14.18 | 16.06 | 15.93 | 15.78 | 14.65 | 15.83 | 15.93 | 15.35 | 12.13 | 9.50 | 15.35 | 18.70 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $360,528K ÷ $59,300K
= 6.08
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. A higher ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Analyzing MaxLinear Inc's fixed asset turnover over the past few years, we can see that the ratio has shown some fluctuations. From March 31, 2020, to December 31, 2022, the fixed asset turnover ratio ranged between 9.50 and 16.06, indicating varying levels of efficiency in generating sales from fixed assets during this period.
However, from March 31, 2023, to December 31, 2024, the fixed asset turnover ratio declined significantly from 14.22 to 6.08. This significant decrease may suggest potential issues with asset utilization efficiency during this period.
It is important for MaxLinear Inc to assess the reasons behind the decline in the fixed asset turnover ratio to identify any inefficiencies in asset management or operational challenges. By addressing these issues, the company can aim to improve its fixed asset utilization efficiency and enhance its overall financial performance.
Peer comparison
Dec 31, 2024