MaxLinear Inc (MXL)

Activity ratios

Short-term

Turnover ratios

	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	Jun 30, 2019	Mar 31, 2019
Inventory turnover	3.08	3.29	3.45	3.14	2.93	2.71	2.94	2.94	3.01	3.16	3.98	3.60	2.72	1.80	3.95	4.54	4.74	4.19	3.75	3.92
Receivables turnover	4.06	5.43	6.47	5.85	6.55	6.05	7.45	7.53	7.45	7.85	5.66	7.15	7.10	3.36	6.69	6.58	6.29	5.94	6.00	6.02
Payables turnover	14.27	8.36	9.47	8.60	6.86	4.95	5.89	6.78	7.49	6.32	7.34	8.50	8.12	3.71	7.58	10.38	11.12	11.66	9.46	12.60
Working capital turnover	2.61	3.11	3.23	3.77	5.05	5.09	4.59	4.31	4.54	4.49	4.61	4.25	3.74	2.55	2.30	2.49	2.75	3.28	3.21	3.39

The inventory turnover of MaxLinear Inc has ranged from 2.71 to 3.45 over the past eight quarters, indicating that the company has been able to effectively manage its inventory to generate sales. The receivables turnover has fluctuated between 4.06 and 7.53, suggesting the company's efficiency in collecting outstanding receivables has varied. The payables turnover ratio has shown a similar trend, ranging from 4.95 to 14.27, implying changes in the company's ability to manage its payments to suppliers. Lastly, the working capital turnover has ranged from 4.31 to 5.09, signifying the firm's ability to generate revenue from its working capital over the quarters. Overall, the activity ratios of MaxLinear Inc depict fluctuations in its efficiency in managing inventory, receivables, payables, and working capital over the past two years.

Average number of days

		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	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	118.55	110.98	105.93	116.35	124.55	134.82	123.98	124.31	121.22	115.60	91.59	101.26	134.35	203.30	92.52	80.36	76.93	87.05	97.29	93.10
Days of sales outstanding (DSO)	days	89.83	67.27	56.39	62.35	55.71	60.32	48.97	48.45	48.97	46.48	64.47	51.04	51.43	108.66	54.54	55.51	58.01	61.42	60.82	60.67
Number of days of payables	days	25.57	43.64	38.54	42.45	53.20	73.79	61.93	53.83	48.76	57.77	49.73	42.92	44.97	98.42	48.12	35.15	32.82	31.30	38.57	28.97

Days of inventory on hand (DOH) measures the average number of days it takes for MaxLinear Inc to convert its inventory into sales. From December 31, 2022, to September 30, 2023, the DOH decreased from 124.55 days to 110.98 days, indicating an improvement in inventory management efficiency. However, there was a slight increase in DOH at the end of December 2023, reaching 118.55 days, which may indicate a slower turnover of inventory.

Days of sales outstanding (DSO) reflects the average number of days it takes for MaxLinear Inc to collect its accounts receivable. The DSO increased from 55.71 days as of December 31, 2022, to 89.83 days as of December 31, 2023, suggesting a lengthening of the collection period. This may indicate a potential slowdown in the collection of receivables, which could impact the company's cash flow.

Number of days of payables represents the average number of days it takes for MaxLinear Inc to pay its suppliers. The trend indicates a significant decrease in the number of days of payables from 61.93 days as of June 30, 2022, to 25.57 days as of December 31, 2023, implying that the company is paying its suppliers more quickly. This may have implications for cash flow and supplier relationships.

In summary, the analysis of MaxLinear Inc's activity ratios indicates some fluctuations in the efficiency of inventory management and the collection of receivables, as well as a notable decrease in the number of days of payables. These trends may reflect changes in the company's operating performance and cash flow management.

Long-term

	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	Jun 30, 2019	Mar 31, 2019
Fixed asset turnover	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	19.09	22.02	21.59	21.12
Total asset turnover	0.64	0.78	0.87	0.92	0.95	0.91	0.87	0.86	0.85	0.80	0.75	0.63	0.47	0.35	0.40	0.42	0.45	0.47	0.47	0.48

MaxLinear Inc's long-term activity ratios provide insight into the efficiency of the company's use of its assets. The fixed asset turnover ratio demonstrates the company's ability to generate sales from its investment in long-term assets, such as property, plant, and equipment. From the data, we observe a general trend of increasing fixed asset turnover, indicating that the company has been more efficient in generating sales from its fixed assets over the observed periods.

The total asset turnover ratio measures the overall efficiency of the company in generating sales from all its assets, both short-term and long-term. The trend in total asset turnover shows an increase in the company's ability to generate sales from its total assets, further indicating improved efficiency in asset utilization.

This suggests that MaxLinear Inc has been effectively managing and utilizing its long-term assets to generate sales, which is a positive indication of the company's operational efficiency and effectiveness in utilizing its investment in long-term assets.