Sanmina Corporation (SANM)

Fixed asset 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	8,427,300	8,913,590	9,094,690	8,915,390	8,514,240	7,922,760	7,348,510	6,984,030	6,759,880	6,753,930	6,978,280	6,979,700	6,875,450	6,960,370	6,977,620	7,349,930	7,886,020	8,233,870	8,218,000	8,004,370
Property, plant and equipment	US$ in thousands	634,912	632,836	631,744	616,998	591,155	575,170	545,673	525,362	525,159	532,985	550,038	515,203	526,645	559,242	574,799	591,738	612,214	630,647	635,020	639,901
Fixed asset turnover		13.27	14.09	14.40	14.45	14.40	13.77	13.47	13.29	12.87	12.67	12.69	13.55	13.06	12.45	12.14	12.42	12.88	13.06	12.94	12.51

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,427,300K ÷ $634,912K
= 13.27

Sanmina Corporation's fixed asset turnover has been relatively stable over the period analyzed, ranging from a low of 12.14 to a high of 14.45. The fixed asset turnover ratio measures how effectively the company is utilizing its fixed assets to generate revenue. A higher ratio indicates that the company is generating more sales from its fixed assets, which is generally a positive sign.

Based on the data provided, it is evident that Sanmina Corporation has been efficient in using its fixed assets to generate revenue, with the ratio consistently above 12. This suggests that the company is effectively leveraging its fixed assets to drive sales and generate income. The trend of increasing ratios over the period indicates improving efficiency in utilizing fixed assets, which can lead to increased profitability and overall performance for the company.