MaxLinear Inc (MXL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 693,263 | 1,120,250 | 892,398 | 478,596 | 317,180 |
| Total assets | US$ in thousands | 1,080,260 | 1,180,020 | 1,050,380 | 1,022,440 | 705,791 |
| Total asset turnover | 0.64 | 0.95 | 0.85 | 0.47 | 0.45 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $693,263K ÷ $1,080,260K
= 0.64
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue in relation to its total assets. An increasing total asset turnover ratio indicates improved efficiency in asset utilization.
MaxLinear Inc's total asset turnover ratio has fluctuated over the past five years. In 2023, the ratio was 0.64, down from 0.95 in 2022 but higher than 0.85 in 2021. This suggests a decrease in the company's ability to utilize its total assets to generate sales revenue compared to the previous year. However, the 2023 ratio is higher than that of 2020 and 2019, indicating an improvement in asset utilization efficiency over that period.
The fluctuations in the total asset turnover ratio may be attributed to changes in the company's sales volume and total asset base. Further analysis of the company's operational and financial performance is necessary to understand the factors contributing to these fluctuations and to assess the effectiveness of its asset utilization strategy.
Peer comparison
Dec 31, 2023