Synaptics Incorporated (SYNA)

Fixed asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	1,074,300	959,400	1,355,100	1,739,700	1,339,600
Property, plant and equipment	US$ in thousands	—	—	66,400	62,900	91,200
Fixed asset turnover		—	—	20.41	27.66	14.69

June 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,074,300K ÷ $—K
= —

The fixed asset turnover ratio for Synaptics Incorporated has exhibited notable fluctuations over the period from June 30, 2021, to June 30, 2023. Specifically, the ratio increased significantly from 14.69 in 2021 to 27.66 in 2022, indicating a substantial improvement in the company's efficiency in utilizing its fixed assets to generate revenue. This rise suggests that the company was able to produce more sales per dollar of fixed assets during this period.

However, the ratio experienced a decline in the subsequent year, decreasing to 20.41 in 2023. This reduction may reflect a relative decrease in the efficiency of asset utilization or increased asset base that did not proportionally generate sales increases. Despite this decline, the ratio remained substantially higher than the 2021 level, implying overall improved asset utilization compared to two years prior.

Data for the fiscal years ending June 30, 2024, and June 30, 2025, are not available, and thus no trend can be analyzed beyond 2023. The observed pattern indicates an initial improvement in asset efficiency, followed by a partial retracement, which warrants monitoring for potential strategic or operational adjustments affecting asset utilization efficiency in future periods.