MaxLinear Inc (MXL)

Total 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
Total assets	US$ in thousands	864,639	895,303	973,197	1,030,620	1,080,260	1,103,790	1,161,480	1,198,480	1,180,020	1,182,700	1,180,690	1,099,130	1,050,380	1,053,890	1,026,630	998,599	1,022,440	1,007,780	693,060	693,425
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $360,528K ÷ $864,639K
= 0.42

The total asset turnover ratio measures a company's efficiency in generating sales revenue from its total assets. For MaxLinear Inc, the total asset turnover has fluctuated over the years, indicating changes in how effectively the company is utilizing its assets to generate revenue.

From March 31, 2020, to June 30, 2022, the total asset turnover steadily increased from 0.42 to 0.87, peaking at 0.91 on September 30, 2022. This indicates that MaxLinear Inc was becoming more efficient in utilizing its assets to generate sales during this period.

However, starting from December 31, 2022, the total asset turnover ratio began to decline, reaching 0.42 by December 31, 2024. This downward trend suggests that the company may be facing challenges in efficiently generating sales relative to its total asset base.

Overall, the trend in the total asset turnover for MaxLinear Inc highlights the importance of closely monitoring and managing asset utilization to improve operational efficiency and profitability in the long term.