Synaptics Incorporated (SYNA)

Fixed asset turnover

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	1,074,300	1,038,900	1,009,600	979,400	959,400	939,300	1,028,600	1,144,700	1,355,100	1,604,200	1,747,700	1,815,100	1,739,700	1,591,100	1,446,800	1,383,900	1,339,600	1,289,400	1,291,700	1,322,400
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	—	66,400	69,000	65,900	63,400	62,900	63,100	56,900	92,100	91,200	95,300	93,600	129,200
Fixed asset turnover		—	—	—	—	—	—	—	—	20.41	23.25	26.52	28.63	27.66	25.22	25.43	15.03	14.69	13.53	13.80	10.24

June 30, 2025 calculation

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

The fixed asset turnover ratio for Synaptics Incorporated exhibits notable fluctuations over the periods analyzed. From September 30, 2020, to December 31, 2021, the ratio shows a significant upward trend, increasing from 10.24 to 25.43. This upward trajectory indicates an improvement in the company's efficiency in utilizing its fixed assets to generate sales, possibly due to optimized asset deployment or increased sales volume relative to its fixed asset base during this period.

Between December 31, 2021, and June 30, 2022, the ratio remains relatively high, with a slight decrease from 25.43 to 27.66, suggesting sustained efficiency but with some stabilization. The peak value observed at June 30, 2022, hints at an optimal utilization of fixed assets during this period.

Following this peak, a gradual decline is observed, with the ratio decreasing to 20.41 by June 30, 2023. This decline may reflect a reduced relative sales generation efficiency from fixed assets, potentially due to increased capital investments, asset underutilization, or market or operational changes impacting sales volume.

The data for subsequent periods beyond June 30, 2023, are not available, implying that further assessment of the trend cannot be performed. Overall, the ratio's initial rapid increase indicates improved asset utilization in the early phase, whereas the subsequent decline suggests some challenges in maintaining that efficiency over time.