Smart Global Holdings Inc (SGH)
Fixed asset turnover
| Mar 1, 2024 | Dec 1, 2023 | Aug 25, 2023 | May 26, 2023 | Feb 24, 2023 | Nov 25, 2022 | Aug 26, 2022 | May 27, 2022 | Feb 25, 2022 | Nov 26, 2021 | Aug 27, 2021 | May 28, 2021 | Feb 26, 2021 | Nov 27, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,233,638 | 1,360,769 | 1,552,734 | 1,598,535 | 1,700,746 | 1,758,024 | 1,764,196 | 1,888,093 | 1,862,989 | 1,718,489 | 1,559,283 | 1,371,659 | 1,193,744 | 1,160,383 | 1,134,618 | 1,092,825 | 1,123,015 | 1,259,316 | 1,354,886 | 1,462,059 |
| Property, plant and equipment | US$ in thousands | 109,516 | 112,328 | 118,734 | 177,751 | 171,798 | 165,033 | 96,708 | 159,111 | 149,059 | 148,897 | 156,266 | 153,261 | 78,146 | 60,045 | 53,760 | 59,029 | 63,902 | 68,345 | 67,135 | 66,860 |
| Fixed asset turnover | 11.26 | 12.11 | 13.08 | 8.99 | 9.90 | 10.65 | 18.24 | 11.87 | 12.50 | 11.54 | 9.98 | 8.95 | 15.28 | 19.33 | 21.11 | 18.51 | 17.57 | 18.43 | 20.18 | 21.87 |
March 1, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,233,638K ÷ $109,516K
= 11.26
The fixed asset turnover ratio for Smart Global Holdings Inc has shown fluctuations over the periods presented in the data table. The ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets.
The trend indicates that the company's ability to generate sales from its fixed assets improved significantly from May 2020 to May 2021, with values reaching as high as 21.11 in February 2021. This suggests that the company was effectively utilizing its fixed assets to generate revenue during this period.
However, there was a decrease in the fixed asset turnover ratio from May 2021 to May 2022, with values fluctuating between 8.95 and 18.24. This could indicate a change in operational efficiency or a shift in the company's asset base during this time frame.
From August 2022 to March 2024, the fixed asset turnover ratio remained relatively stable, with values ranging from 8.99 to 13.08. This stability could suggest that the company has been able to maintain a consistent level of efficiency in utilizing its fixed assets to generate sales revenue.
Overall, the trend in Smart Global Holdings Inc's fixed asset turnover ratio reflects periods of both improvement and variability, indicating fluctuations in the company's effectiveness in generating revenue from its fixed asset investments over the time periods analyzed.
Peer comparison
Mar 1, 2024