Maxeon Solar Technologies (MAXN) Asset Utilization Ratio (2021 - 2024)
Maxeon Solar Technologies posted quarterly Asset Utilization Ratio of 1.25 for Q4 2024, up 27.65% year-on-year from 0.98 in Q1 2024, and up 8.93% on a QoQ basis from 1.14 in Q3 2024.
Maxeon Solar Technologies (MAXN) has 3 years of Asset Utilization Ratio data on file, last reported at 1.25 in Q4 2024.
- For the quarter ending Q4 2024, Asset Utilization Ratio rose 27.65% year-over-year to 1.25; the trailing twelve-month figure through Dec 2024 stood at 1.25 (up 27.65% YoY), and the FY2024 full-year result was 0.74, down 25.6% from the prior year.
- Asset Utilization Ratio for Q4 2024 stood at 1.25, up from 1.14 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 1.25 in Q4 2024 and bottomed at 0.84 in Q2 2023.
- The 3-year median for Asset Utilization Ratio is 1.03 (2024), against an average of 1.02.
- Peak annual rise in Asset Utilization Ratio reached 34.61% in 2024, while the deepest fall reached 20.42% in 2024.
- A 3-year view of Asset Utilization Ratio shows it stood at 1.21 in 2021, then decreased by 19.06% to 0.98 in 2023, then rose by 27.65% to 1.25 in 2024.
- The last three Asset Utilization Ratio figures came in at 1.25 (Q4 2024), 1.14 (Q3 2024), and 1.03 (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 0.90 |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 0.74 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.45 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 0.52 |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.14 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.55 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 0.82 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.51 |
| 10 | Maxeon Solar Technologies | 13,137.80 | -17.21 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 1.25 |
| Sep 29, 2024 | 1.14 |
| Jun 30, 2024 | 1.03 |
| Mar 31, 2024 | 1.08 |
| Dec 31, 2023 | 0.98 |
| Oct 1, 2023 | 0.85 |
| Jul 2, 2023 | 0.86 |
| Apr 2, 2023 | 0.84 |
| Jan 3, 2021 | 1.21 |