Maxeon Solar Technologies (MAXNQ) Asset Utilization Ratio (2021 - 2024)

Maxeon Solar Technologies (MAXNQ) reported Asset Utilization Ratio of 1.25 for Q4 2024, up 27.65% on a YoY basis from 0.98 in Q1 2024, and up 8.93% quarter-over-quarter from 1.14 in Q3 2024.

Maxeon Solar Technologies (MAXNQ) Asset Utilization Ratio (2021 - 2024) Analysis & Trends

Maxeon Solar Technologies has reported Asset Utilization Ratio for 4 years, with the latest figure 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.
  • The five-year high for Asset Utilization Ratio was 1.25 in Q4 2024, with the low at 0.8 in Q1 2022.
  • Historically, Asset Utilization Ratio has averaged 0.94 across 4 years, with a median of 0.9 in 2023.
  • Annual changes were most pronounced in 2022 — Asset Utilization Ratio advanced 2.22% — and 2024, when it grew 29.3%.
  • Maxeon Solar Technologies' Asset Utilization Ratio stood at 0.8 in 2021, then climbed by 2.22% to 0.82 in 2022, then grew by 19.0% to 0.98 in 2023, then increased 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 28.68 Bn 26.25 Bn 486.13 Mn 0.41
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 0.90
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 0.45
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 0.52
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 0.14
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 0.55
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 0.82
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 0.51
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 1.44
10 Maxeon Solar Technologies - - - -

Historic Data

Download Data
DateValue
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 0.88
Jul 2, 2023 0.93
Apr 2, 2023 0.91
Jan 1, 2023 0.84
Oct 2, 2022 0.82
Jul 3, 2022 0.83
Apr 3, 2022 0.84
Jan 2, 2022 0.80
Oct 3, 2021 0.80