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.
Peer comparison
Jun 30, 2024