Qorvo Inc (QRVO)

Fixed asset turnover

		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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	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	3,239,141
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	1,259,200
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	2.57

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,790,486K ÷ $—K
= —

The fixed asset turnover ratio of Qorvo Inc has exhibited a generally increasing trend over the past few years. Starting at 2.57 in March 31, 2020, the ratio has steadily climbed to 3.71 by March 31, 2022, indicating that the company is generating more revenue relative to its investment in fixed assets.

However, there was a slight decrease to 3.44 by December 31, 2022, followed by a more significant drop to 3.10 by March 31, 2023, and then further to 2.93 by June 30, 2023. These declines suggest that the company may be facing challenges in efficiently utilizing its fixed assets to generate sales during these periods.

It's worth noting that from September 30, 2023, the data for fixed asset turnover is not available ("—"), potentially indicating incomplete information or data unavailability for those periods. It would be essential for stakeholders to monitor the company's fixed asset turnover ratio closely in the future to assess operational efficiency and asset utilization effectiveness.