Qorvo Inc (QRVO)
Fixed asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,718,970 | 3,769,510 | 3,569,400 | 4,645,710 | 4,015,310 |
| Property, plant and equipment | US$ in thousands | — | — | 1,149,810 | 1,253,590 | 1,266,030 |
| Fixed asset turnover | — | — | 3.10 | 3.71 | 3.17 |
March 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,718,970K ÷ $—K
= —
Qorvo Inc's fixed asset turnover has shown some fluctuation over the years. The ratio increased from 3.17 in March 31, 2021, to 3.71 in March 31, 2022, indicating an improvement in utilizing fixed assets to generate revenue. However, in the following year, the ratio declined to 3.10 in March 31, 2023. It is noted that for the years ending March 31, 2024, and March 31, 2025, the fixed asset turnover data is not available ("—").
Overall, the trend suggests that Qorvo Inc has been effectively using its fixed assets to generate sales, with some variations noted in the analysis period. Further information regarding the company's operations and strategies would be needed to provide a more in-depth evaluation of the fixed asset turnover ratio and its implications for the company's performance.
Peer comparison
Mar 31, 2025