Skyworks Solutions Inc (SWKS)

Fixed asset turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	4,178,000	4,371,800	4,537,500	4,644,600	4,772,400	4,912,600	5,074,000	5,256,500	5,437,600	5,376,100	5,259,900	5,096,100	5,095,700	4,755,000	4,375,400	3,969,700	3,355,800	3,226,400	3,256,600	3,300,900
Property, plant and equipment	US$ in thousands	1,280,300	1,265,300	1,301,400	1,342,700	1,390,100	1,424,400	1,496,300	1,562,700	1,604,800	1,607,400	1,578,400	1,547,600	1,501,600	1,452,200	1,396,600	1,305,400	1,249,500	1,206,900	1,207,900	1,190,800
Fixed asset turnover		3.26	3.46	3.49	3.46	3.43	3.45	3.39	3.36	3.39	3.34	3.33	3.29	3.39	3.27	3.13	3.04	2.69	2.67	2.70	2.77

September 30, 2024 calculation

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

The fixed asset turnover ratio for Skyworks Solutions Inc has been relatively stable over the past few years, ranging from 2.67 to 3.49. This ratio indicates the efficiency with which the company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio suggests that the company is generating more sales per dollar of fixed assets invested, which is generally seen as a positive sign of operational efficiency.

In this case, the trend of the fixed asset turnover ratio over the past few quarters has been mostly increasing, reaching a peak of 3.49 in March 2024. This trend indicates that Skyworks Solutions Inc has been more effective in utilizing its fixed assets to generate revenue during this period.

Overall, the consistent and increasing trend in the fixed asset turnover ratio suggests that Skyworks Solutions Inc is efficiently managing its fixed assets to drive sales growth, which can be viewed positively by investors and stakeholders.