Viavi Solutions Inc (VIAV)
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 | 1,084,300 | 1,045,800 | 1,007,000 | 990,700 | 1,000,400 | 1,012,000 | 1,013,800 | 1,043,800 | 1,106,100 | 1,177,800 | 1,245,500 | 1,275,800 | 1,292,400 | 1,268,000 | 1,255,900 | 1,241,000 | 1,198,900 | 1,154,600 | 1,107,400 | 1,121,200 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 243,000 | 247,200 | 244,800 | 231,700 | 228,900 | 221,200 | 213,300 | 203,100 | 196,000 | 180,000 | 181,700 | 175,400 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 4.55 | 4.76 | 5.09 | 5.51 | 5.65 | 5.73 | 5.89 | 6.11 | 6.12 | 6.41 | 6.09 | 6.39 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,084,300K ÷ $—K
= —
The fixed asset turnover ratio for Viavi Solutions Inc. exhibited notable fluctuations from September 30, 2020, through the fiscal year ending March 31, 2023. Initially, in September 2020, the ratio was approximately 6.39, indicating that for every dollar invested in fixed assets, the company generated about $6.39 in sales. Over the subsequent periods, the ratio experienced a gradual decline, reaching around 6.09 by December 31, 2020, and then increasing marginally to 6.41 by March 31, 2021. However, after this peak, a downward trend commenced, with the ratio decreasing to approximately 6.12 in June 2021, and slightly declining further to 6.11 in September 2021.
This downward trajectory persisted into late 2021 and the subsequent year. The ratio decreased to about 5.89 at the end of 2021 and continued to decline, reaching approximately 5.73 by March 2022, and further dropping to around 5.65 by June 2022. The decline persisted into 2022, with the ratio at approximately 5.51 at the end of September 2022 and declining further to approximately 5.09 by the end of December 2022.
In the first quarter of 2023, the ratio continued its downward trend, reaching approximately 4.76, and further decreasing to about 4.55 in June 2023. The data beyond this period are absent, with no available figures for subsequent quarters up to September 2024 and beyond.
Overall, the trend indicates a consistent decrease in the fixed asset turnover ratio over the observed period. This suggests that either the company's sales have declined relative to its fixed assets, fixed asset base has expanded faster than sales, or a combination of both. The declining ratio could reflect strategic investments in fixed assets that have yet to translate into proportional sales growth, or operational changes affecting asset utilization efficiency.
Peer comparison
Jun 30, 2025