MaxLinear Inc (MXL)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	1.83	1.89	2.18	2.55	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
Receivables turnover	4.22	8.21	5.28	4.28	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
Payables turnover	5.28	5.93	5.79	7.58	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
Working capital turnover	2.55	2.47	2.16	2.45	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

MaxLinear Inc's inventory turnover has fluctuated over the years, starting at 4.54 in March 2020 and reaching a peak of 3.98 in June 2021 before stabilizing around 2.9 in the most recent periods. This indicates that the company is managing its inventory levels relatively efficiently.

In terms of receivables turnover, MaxLinear Inc has shown a mixed performance, with some periods exhibiting strong turnover ratios, such as 8.21 in September 2024, while others, like 4.06 in December 2023, show a slower collection pace. Overall, the company seems to be collecting receivables effectively but with some variability.

The payables turnover ratio for MaxLinear Inc has also been erratic, ranging from 3.71 in September 2020 to 14.27 in December 2023. This suggests varying payment practices with suppliers, potentially impacting relationships and cash flow management.

When looking at the working capital turnover, the trend indicates a steady decrease from a high of 5.09 in September 2022 to 2.55 in December 2024. This decline may suggest inefficiencies in utilizing working capital to generate revenue.

Overall, while MaxLinear Inc has generally managed its activity ratios reasonably well, there are areas, such as payables turnover and working capital turnover, where improvements could be made to enhance operational efficiency and cash flow management.

Average number of days

		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
Days of inventory on hand (DOH)	days	198.95	193.03	167.69	142.93	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
Days of sales outstanding (DSO)	days	86.52	44.43	69.18	85.31	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
Number of days of payables	days	69.10	61.55	63.08	48.17	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

MaxLinear Inc's Days of Inventory on Hand (DOH) have shown some fluctuation over the past few years, ranging from a low of 80.36 days on March 31, 2020, to a high of 198.95 days on December 31, 2024. The company managed to keep this metric relatively steady in the range of around 100 to 140 days in recent quarters, indicating efficient inventory management overall.

In terms of Days of Sales Outstanding (DSO), MaxLinear Inc has experienced varying collection periods for its receivables. DSO ranged from a low of 44.43 days on September 30, 2024, to a high of 108.66 days on September 30, 2020. The company generally kept this metric below 70 days for most quarters, signifying effective credit management and timely collection of outstanding invoices.

Regarding the Number of Days of Payables, the company maintained a relatively stable payment period to its suppliers, with fluctuations in the range of around 35 to 75 days. The lowest Number of Days of Payables was recorded at 25.57 days on December 31, 2023, and the highest at 98.42 days on September 30, 2020. This consistency in payment terms suggests good relationships with suppliers and an ability to manage working capital efficiently.

Overall, the analysis of MaxLinear Inc's activity ratios indicates that the company has demonstrated effective inventory, receivables, and payables management practices, which are important factors in maintaining a healthy liquidity position and operational efficiency. The trends in these ratios over time suggest that the company has been proactive in optimizing its working capital cycle to support its business operations.

Long-term

	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
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
Total asset turnover	0.42	0.44	0.46	0.52	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

MaxLinear Inc's fixed asset turnover ratio shows a decreasing trend from 18.70 in March 2020 to 6.08 in December 2024. This indicates a decline in the company's ability to generate sales using its fixed assets efficiently over the period.

On the other hand, the total asset turnover ratio initially decreased from 0.42 in March 2020 to 0.35 in September 2020 before showing an increasing trend to reach 0.42 in December 2024. This suggests that the company's ability to generate sales from its total assets had a mixed performance during the period, with some fluctuations.

Overall, the declining fixed asset turnover ratio might indicate inefficiencies in utilizing fixed assets, while the total asset turnover ratio's mixed performance could signal fluctuations in overall asset utilization efficiency during the analyzed period.