Vicor Corporation (VICR)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 370,897 | 364,507 | 379,099 | 399,963 | 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 |
| Property, plant and equipment | US$ in thousands | 152,705 | 158,779 | 156,689 | 157,677 | 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 |
| Fixed asset turnover | 2.43 | 2.30 | 2.42 | 2.54 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $370,897K ÷ $152,705K
= 2.43
The fixed asset turnover ratio reflects how efficiently a company generates revenue from its fixed assets. Looking at the data provided for Vicor Corporation, we observe the following trends:
- The fixed asset turnover ratio fluctuated over the quarters, ranging from a high of 6.20 in December 2021 to a low of 2.30 in September 2024. This indicates variability in the company's ability to utilize its fixed assets to generate sales.
- Generally, the fixed asset turnover ratio appears to have been on a declining trend since December 2021, with a few fluctuations. This suggests a potential decrease in the efficiency with which Vicor Corporation is generating revenue from its fixed assets.
- The ratio hovers around an average of 3 to 4 for the majority of the quarters, indicating a moderate level of efficiency in asset utilization.
- The sudden spike in the fixed asset turnover ratio in December 2021 may require further investigation to understand the factors contributing to this anomaly.
In conclusion, the analysis of Vicor Corporation's fixed asset turnover ratio reveals fluctuating efficiency in utilizing fixed assets to generate revenue, with a potentially declining trend in recent quarters. Further examination of the underlying reasons for these fluctuations could provide insights into the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024