Vicor Corporation (VICR)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 413,907 | 420,379 | 415,653 | 411,092 | 401,558 | 744,011 | 725,804 | 718,994 | 719,508 | 353,979 | 347,180 | 322,565 | 297,170 | 275,993 | 268,669 | 261,279 | 263,414 | 274,009 | 281,058 | 291,685 |
| Property, plant and equipment | US$ in thousands | 157,689 | 170,596 | 169,401 | 167,812 | 166,009 | 163,198 | 156,815 | 140,494 | 115,975 | 104,446 | 92,956 | 81,124 | 74,843 | 65,780 | 59,475 | 56,879 | 56,952 | 56,336 | 55,285 | 55,642 |
| Fixed asset turnover | 2.62 | 2.46 | 2.45 | 2.45 | 2.42 | 4.56 | 4.63 | 5.12 | 6.20 | 3.39 | 3.73 | 3.98 | 3.97 | 4.20 | 4.52 | 4.59 | 4.63 | 4.86 | 5.08 | 5.24 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $413,907K ÷ $157,689K
= 2.62
Fixed asset turnover is a financial ratio that measures a company's ability to generate sales from its fixed assets. In the case of Vicor Corp., the fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 2.33 to 2.57.
A fixed asset turnover ratio above 1 indicates that Vicor Corp. is effectively utilizing its fixed assets to generate revenue. A higher ratio suggests that the company is efficient in generating sales from its investment in fixed assets.
The trend of the fixed asset turnover ratio for Vicor Corp. shows consistency and efficiency in using its fixed assets to drive sales. The slight fluctuations in the ratio over the quarters may be attributed to changes in sales volume or changes in the value of fixed assets.
Overall, a fixed asset turnover ratio around 2.5 indicates that Vicor Corp. is performing well in terms of utilizing its fixed assets to generate revenue. However, it is essential to compare this ratio with industry benchmarks to gain a better understanding of the company's performance relative to its peers.
Peer comparison
Dec 31, 2023