MaxLinear Inc (MXL)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	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	317,180	334,789	339,779	358,805
Total assets	US$ in thousands	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	705,791	706,765	729,160	748,882
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $693,263K ÷ $1,080,260K
= 0.64

The total asset turnover ratio of MaxLinear Inc experienced fluctuations over the past eight quarters. The ratio measures how efficiently the company utilizes its assets to generate revenue. A lower total asset turnover ratio indicates that the company is not effectively using its assets to generate sales, while a higher ratio suggests better asset utilization.

In the most recent quarter, the total asset turnover was 0.64, which signifies a decrease in asset efficiency compared to the previous quarter. This decline may be attributed to various factors such as changes in sales volume, asset mix, or operational inefficiencies.

The trend over the past two years shows a relatively stable total asset turnover, fluctuating between 0.86 and 0.95. This suggests that the company has maintained a moderate level of asset utilization efficiency over this period, with slight variations.

Further analysis of the underlying reasons behind these fluctuations, as well as comparisons to industry benchmarks, would provide more insight into MaxLinear Inc's asset management efficiency and its impact on overall business performance.