Skyworks Solutions Inc (SWKS)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	4,178,000	4,772,400	5,437,600	5,095,700	3,355,700
Property, plant and equipment	US$ in thousands	1,280,300	1,390,100	1,604,800	1,501,600	1,249,500
Fixed asset turnover		3.26	3.43	3.39	3.39	2.69

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,178,000K ÷ $1,280,300K
= 3.26

The fixed asset turnover ratio for Skyworks Solutions Inc has exhibited a consistent trend over the past five years. The ratio decreased from 2.69 in 2020 to 3.39 in 2021, and then remained relatively stable around 3.39 to 3.43 in the following years. This indicates that the company generates approximately $3.39 to $3.43 in sales for every dollar invested in fixed assets. A higher fixed asset turnover ratio generally signifies that the company is efficiently utilizing its fixed assets to generate revenue. In the case of Skyworks Solutions Inc, the consistent level of fixed asset turnover suggests that the company has effectively managed and utilized its fixed assets to drive sales over the years.