Silicon Laboratories Inc (SLAB)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 584,386 | 782,258 | 1,024,110 | 720,860 | 510,928 |
| Property, plant and equipment | US$ in thousands | 132,136 | 145,890 | 152,016 | 146,516 | 135,803 |
| Fixed asset turnover | 4.42 | 5.36 | 6.74 | 4.92 | 3.76 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $584,386K ÷ $132,136K
= 4.42
The fixed asset turnover ratio for Silicon Laboratories Inc has shown an improving trend over the past five years. In December 2020, the ratio was 3.76, which increased to 4.92 by December 2021, further rising to 6.74 by December 2022. However, in December 2023, there was a slight decrease in the ratio to 5.36, followed by a further decline to 4.42 by December 2024.
Overall, the company's fixed asset turnover indicates that it has been efficient in generating sales revenue relative to its investment in fixed assets. The substantial increase from 2020 to 2022 suggests improved utilization of fixed assets to drive sales growth. The subsequent slight decrease in 2023 and more significant decline in 2024 could indicate potential changes in the company's asset utilization efficiency or sales performance during those periods. Monitoring this ratio going forward will be important to assess the company's ongoing effectiveness in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024