Power Integrations Inc (POWI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 418,973 | 444,538 | 651,138 | 703,277 | 488,318 |
| Property, plant and equipment | US$ in thousands | 149,562 | 164,213 | 176,681 | 179,824 | 166,188 |
| Fixed asset turnover | 2.80 | 2.71 | 3.69 | 3.91 | 2.94 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $418,973K ÷ $149,562K
= 2.80
The fixed asset turnover ratio of Power Integrations Inc has shown fluctuations over the years. It increased from 2.94 in December 2020 to 3.91 in December 2021, indicating that the company generated $3.91 in sales for every $1 invested in fixed assets. In December 2022, the ratio slightly decreased to 3.69 but remained relatively high. However, there was a noticeable decline in December 2023 to 2.71, suggesting that the company's utilization of fixed assets to generate revenue was less efficient. The ratio improved marginally to 2.80 by December 2024, but it still remained lower than the levels seen in 2021 and 2022. Further analysis would be required to understand the reasons behind these fluctuations and to assess the company's overall asset efficiency.
Peer comparison
Dec 31, 2024