Sitime Corporation (SITM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 202,697 | 143,993 | 283,605 | 218,808 | 116,156 |
| Property, plant and equipment | US$ in thousands | — | — | 69,620 | 46,096 | 11,708 |
| Fixed asset turnover | — | — | 4.07 | 4.75 | 9.92 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $202,697K ÷ $—K
= —
The fixed asset turnover of Sitime Corporation has exhibited a declining trend over the years. From 2020 to 2022, the company's fixed asset turnover decreased significantly from 9.92 to 4.07. This indicates that in 2022, Sitime generated $4.07 in sales for every $1 invested in fixed assets. The absence of data for 2023 and 2024 suggests that further analysis for those periods is not available. The decreasing trend in fixed asset turnover could imply inefficiencies in the utilization of fixed assets or declining sales relative to the investment in fixed assets. It is crucial for Sitime Corporation to assess and address the factors contributing to this decline to optimize the utilization of its fixed assets and improve overall operational efficiency.
Peer comparison
Dec 31, 2024