Name: Fixed Asset Turnover

Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.

Interpretation:
• In '2022', MLAB's fixed asset turnover was 6.44, illustrating how efficiently fixed assets are generating revenue. Industry average for Industrial Machinery/Components in '2022' stood at 4.02.
• In '2023', MLAB's fixed asset turnover was 7.72, illustrating how efficiently fixed assets are generating revenue. The increase since '2022' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2023' stood at 3.94. Industry average declined by 0.08 from previous year.
• In '2024', MLAB's fixed asset turnover was 7.22, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2024' stood at 3.90. Industry average declined by 0.05 from previous year.
• In '2025', MLAB's fixed asset turnover was 7.52, illustrating how efficiently fixed assets are generating revenue. The increase since '2024' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2025' stood at 6.56. Industry average increased by 2.67 compared to previous year.
Overall, MLAB's fixed asset turnover has steadily improved over the past 4 years.

Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets

Good Range: Ranges from 1 to 5 depending on asset intensity.