Synaptics Incorporated (SYNA)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	894,100	1,297,900	1,714,400	1,312,600	1,417,300
Property, plant and equipment	US$ in thousands	75,500	66,400	62,900	91,200	84,300
Fixed asset turnover		11.84	19.55	27.26	14.39	16.81

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $894,100K ÷ $75,500K
= 11.84

The fixed asset turnover ratio for Synaptics Incorporated has been fluctuating over the past five years. The ratio was 11.84 in 2024, a significant decrease from 19.55 in 2023 and 27.26 in 2022. This decrease indicates that the company generated $11.84 in revenue for every dollar invested in fixed assets in 2024, compared to $19.55 and $27.26 in the two preceding years. The ratio in 2021 was 14.39, indicating a slight decrease from the previous year. In 2020, the fixed asset turnover ratio was 16.81, showing a slight increase from the following year. Overall, the trend suggests some variability in how efficiently Synaptics is utilizing its fixed assets to generate revenue, with a notable decrease in 2024 compared to earlier years.