MaxLinear Inc (MXL)

Working capital 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 current assets	US$ in thousands	488,025	508,607	554,491	593,586	563,124	562,975	538,624	454,576	404,104	418,280	378,108	344,980	361,718	350,053	190,578	180,609	181,770	165,120	172,650	179,320
Total current liabilities	US$ in thousands	222,129	232,910	241,729	300,162	341,086	351,318	316,081	234,795	207,395	231,274	211,789	197,637	233,661	211,374	69,964	62,428	66,562	63,119	66,918	73,483
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

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $693,263K ÷ ($488,025K – $222,129K)
= 2.61

The working capital turnover of MaxLinear Inc has exhibited fluctuations over the past eight quarters. The ratio indicates the efficiency of the company in utilizing its working capital to generate sales revenue. A higher turnover ratio suggests that the company is effectively utilizing its working capital to generate sales.

In the recent quarters, the working capital turnover has shown a declining trend, indicating a decrease in the efficiency of utilizing working capital to generate sales. However, it is important to note that the ratio remains relatively high, which suggests that the company is still efficient in this aspect compared to previous periods.

Further analysis is necessary to understand the factors contributing to the fluctuation in the working capital turnover and to assess the overall financial performance and efficiency of MaxLinear Inc.