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Monolithic Power Systems Inc. (NASDAQ:MPWR)

This company has been moved to the archive! The financial data has not been updated since May 5, 2025.

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Monolithic Power Systems Inc., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Revenue1 ÷ Total assets1
Dec 31, 2024 0.61 = 2,207,100 ÷ 3,617,097
Dec 31, 2023 0.75 = 1,821,072 ÷ 2,434,353
Dec 31, 2022 0.87 = 1,794,148 ÷ 2,058,885
Dec 31, 2021 0.76 = 1,207,798 ÷ 1,585,825
Dec 31, 2020 0.70 = 844,452 ÷ 1,208,491
Dec 31, 2019 0.66 = 627,921 ÷ 956,375
Dec 31, 2018 0.73 = 582,382 ÷ 793,432
Dec 31, 2017 0.72 = 470,929 ÷ 652,569
Dec 31, 2016 0.76 = 388,665 ÷ 511,126
Dec 31, 2015 0.77 = 333,067 ÷ 431,285
Dec 31, 2014 0.71 = 282,535 ÷ 399,366
Dec 31, 2013 0.65 = 238,091 ÷ 368,908
Dec 31, 2012 0.74 = 213,813 ÷ 287,162
Dec 31, 2011 0.72 = 196,519 ÷ 273,867
Dec 31, 2010 0.78 = 218,840 ÷ 281,603
Dec 31, 2009 0.68 = 165,008 ÷ 241,821
Dec 31, 2008 0.82 = 160,511 ÷ 195,299
Dec 31, 2007 0.78 = 134,004 ÷ 172,590
Dec 31, 2006 0.90 = 105,015 ÷ 117,327
Dec 31, 2005 0.98 = 99,131 ÷ 100,775

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The total asset turnover ratio for Monolithic Power Systems Inc. has exhibited a general long-term decline characterized by periods of volatility and stabilization from 2005 through 2024. While revenue and total assets have both grown substantially over the two-decade period, the efficiency with which assets are utilized to generate revenue has trended lower than the initial levels seen at the start of the sequence.

Initial Decline and Stabilization (2005–2019)
A downward trend was observed in the first decade, with the asset turnover ratio falling from a peak of 0.98 in 2005 to a low of 0.65 in 2013. This indicates that during this growth phase, the expansion of the asset base occurred at a faster rate than the growth in revenue. Following 2013, the ratio entered a period of relative stability, fluctuating primarily between 0.66 and 0.76 through 2019.
Recent Peak and Divergence (2020–2022)
A period of improved asset efficiency occurred between 2020 and 2022. The ratio rose from 0.70 in 2020 to 0.87 in 2022, the highest level recorded since 2006. This suggests a phase where revenue growth significantly outpaced asset accumulation, maximizing the productivity of the existing balance sheet.
Sharp Contraction (2023–2024)
A significant reduction in asset turnover is observed in the most recent two years, dropping from 0.87 in 2022 to 0.61 by 2024. This decline is primarily driven by a substantial surge in total assets, which grew from approximately 2.06 billion US dollars in 2022 to 3.62 billion US dollars in 2024. Because the increase in the asset base far exceeded the corresponding growth in revenue, the resulting turnover ratio reached its lowest point in the entire analyzed period.

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Comparison to Competitors

Monolithic Power Systems Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Monolithic Power Systems Inc. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. Intel Corp. KLA Corp. Lam Research Corp. Marvell Technology Inc. Micron Technology Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Dec 31, 2024 0.61 0.37 0.20 0.79 0.31 0.27 0.64 0.80 0.26 0.36 0.93 0.71 0.44
Dec 31, 2023 0.75 0.33 0.25 0.86 0.49 0.28 0.75 0.93 0.26 0.24 0.65 0.70 0.54
Dec 31, 2022 0.87 0.35 0.24 0.96 0.45 0.35 0.73 1.00 0.20 0.46 0.61 0.90 0.74
Dec 31, 2021 0.76 1.32 0.14 0.89 0.36 0.47 0.67 0.92 0.28 0.47 0.58 0.81 0.74
Dec 31, 2020 0.70 1.09 0.26 0.77 0.31 0.51 0.63 0.69 0.24 0.40 0.63 0.66 0.75
Dec 31, 2019 0.66 1.12 0.28 0.77 0.33 0.53 0.51 0.80 0.29 0.48 0.88 0.74 0.80
Dec 31, 2018 0.73 1.42 0.30 0.97 0.42 0.55 0.72 0.89 0.51 0.70 0.86 0.70 0.92
Dec 31, 2017 0.72 1.51 0.24 0.75 0.32 0.51 0.63 0.66 0.50 0.58 0.70 0.34 0.85
Dec 31, 2016 0.76 1.29 0.43 0.74 0.26 0.52 0.60 0.48 0.50 0.45 0.68 0.45 0.81
Dec 31, 2015 0.77 1.28 0.49 0.63 0.64 0.54 0.58 0.56 0.63 0.67 0.65 0.50 0.80
Dec 31, 2014 0.71 1.46 0.42 0.69 0.41 0.61 0.53 0.58 0.62 0.73 0.57 0.55 0.74
Dec 31, 2013 0.65 1.22 0.41 0.62 0.74 0.57 0.54 0.50 0.60 0.47 0.67 0.55 0.64
Dec 31, 2012 0.74 1.36 0.48 0.72 0.83 0.63 0.62 0.33 0.59 0.57 0.72 0.44 0.64
Dec 31, 2011 0.72 1.33 0.57 0.76 0.96 0.76 0.68 0.80 0.57 0.60 0.79 0.41 0.67
Dec 31, 2010 0.78 1.31 0.64 0.87 0.97 0.69 0.47 0.86 0.54 0.58 0.93 0.36 1.04
Dec 31, 2009 0.68 0.60 0.59 0.52 0.75 0.66 0.42 0.57 0.67 0.42 1.02 0.38 0.86
Dec 31, 2008 0.82 0.76 0.84 0.74 — 0.74 0.52 0.88 0.64 0.43 1.09 0.45 1.05
Dec 31, 2007 0.78 0.52 0.86 0.91 — 0.69 0.59 1.22 0.49 0.38 1.15 0.48 1.09
Dec 31, 2006 0.90 0.43 0.65 0.97 — 0.73 0.45 0.71 0.48 0.43 1.24 0.49 1.02
Dec 31, 2005 0.98 0.80 0.52 0.62 — 0.80 0.52 1.04 0.44 0.61 1.23 0.45 0.89

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Semiconductors & Semiconductor Equipment)

Monolithic Power Systems Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel
Monolithic Power Systems Inc. Semiconductors & Semiconductor Equipment
Dec 31, 2024 0.61 0.42
Dec 31, 2023 0.75 0.43
Dec 31, 2022 0.87 0.49
Dec 31, 2021 0.76 0.52
Dec 31, 2020 0.70 0.50
Dec 31, 2019 0.66 0.54
Dec 31, 2018 0.73 0.63
Dec 31, 2017 0.72 0.49
Dec 31, 2016 0.76 0.50
Dec 31, 2015 0.77 0.58
Dec 31, 2014 0.71 0.62
Dec 31, 2013 0.65 0.58
Dec 31, 2012 0.74 0.60
Dec 31, 2011 0.72 0.67
Dec 31, 2010 0.78 0.68
Dec 31, 2009 0.68 0.59
Dec 31, 2008 0.82 0.69
Dec 31, 2007 0.78 0.68
Dec 31, 2006 0.90 0.68
Dec 31, 2005 0.98 0.73

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Information Technology)

Monolithic Power Systems Inc., total asset turnover, long-term trends, comparison to industry (information technology)

Microsoft Excel
Monolithic Power Systems Inc. Information Technology
Dec 31, 2024 0.61 0.58
Dec 31, 2023 0.75 0.61
Dec 31, 2022 0.87 0.64
Dec 31, 2021 0.76 0.62
Dec 31, 2020 0.70 0.58
Dec 31, 2019 0.66 0.59
Dec 31, 2018 0.73 0.59
Dec 31, 2017 0.72 0.51
Dec 31, 2016 0.76 0.55
Dec 31, 2015 0.77 0.63
Dec 31, 2014 0.71 0.64
Dec 31, 2013 0.65 0.66
Dec 31, 2012 0.74 0.70
Dec 31, 2011 0.72 0.73
Dec 31, 2010 0.78 0.72
Dec 31, 2009 0.68 0.69
Dec 31, 2008 0.82 0.79
Dec 31, 2007 0.78 0.76
Dec 31, 2006 0.90 0.75
Dec 31, 2005 0.98 0.76

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).