Qorvo Inc (QRVO)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,718,972 | 3,790,486 | 3,948,029 | 4,005,009 | 3,769,502 | 3,461,217 | 3,130,638 | 3,185,208 | 3,569,404 | 4,102,861 | 4,473,540 | 4,570,730 | 4,645,720 | 4,552,290 | 4,533,160 | 4,338,200 | 4,015,301 | 3,730,343 | 3,504,586 | 3,250,994 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 1,087,680 | 1,149,810 | 1,191,990 | 1,222,920 | 1,234,330 | 1,253,590 | 1,266,800 | 1,276,810 | 1,270,730 | 1,266,030 | 1,232,370 | 1,224,850 | 1,235,680 |
| Fixed asset turnover | — | — | — | — | — | — | — | 2.93 | 3.10 | 3.44 | 3.66 | 3.70 | 3.71 | 3.59 | 3.55 | 3.41 | 3.17 | 3.03 | 2.86 | 2.63 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,718,972K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its investment in fixed assets. For Qorvo Inc, the fixed asset turnover ratio has shown a consistent upward trend from June 30, 2020, to June 30, 2022, with values increasing from 2.63 to 3.70. This indicates that the company is effectively utilizing its fixed assets to generate sales.
However, starting from September 30, 2022, the fixed asset turnover ratio began to decrease slightly, reaching 3.44 by December 31, 2022. This could suggest a potential decrease in sales relative to the investment in fixed assets during that period.
The fixed asset turnover ratio then experienced a more significant decline, dropping to 2.93 by June 30, 2023, before further decreasing to 3.10 by March 31, 2024. The absence of data from September 30, 2023, onwards makes it challenging to assess the recent trend accurately.
Overall, the fluctuation in Qorvo Inc's fixed asset turnover ratio in the latter period raises concerns about the company's efficiency in utilizing its fixed assets to generate sales revenue. Further analysis and additional data would be necessary to understand the underlying factors contributing to these fluctuations and determine the company's performance in this aspect accurately.
Peer comparison
Mar 31, 2025