Mind Technology (MIND) Asset Utilization Ratio (2011 - 2026)
Mind Technology (MIND) posted quarterly Asset Utilization Ratio of 0.85 for Q2 2026, down 30.91% year-over-year from 1.24 in Q2 2025, and up 0.76% quarter-over-quarter from 0.85 in Q1 2026.
Mind Technology (MIND) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Mind Technology (MIND) has reported Asset Utilization Ratio for 16 consecutive years, with 0.85 the latest figure, recorded in Q2 2026.
- In Q2 2026, Asset Utilization Ratio fell 30.91% year-over-year to 0.85; the TTM figure through Apr 2026 stood at 0.85 (down 30.91% YoY), while the FY2026 annual figure was 0.95, down 28.65% from the prior year.
- Asset Utilization Ratio grew to 0.85 in Q2 2026 per MIND's latest filing, from 0.85 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 1.35 in Q3 2025 and bottomed at 0.66 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 0.99 across 5 years, with a median of 0.97 in 2023.
- Annual changes were most pronounced in 2023 — Asset Utilization Ratio soared 41.82% — and 2026, when it tumbled 34.13%.
- Mind Technology's Asset Utilization Ratio stood at 0.7 in 2022, then soared by 41.82% to 1.0 in 2023, then rose by 22.36% to 1.22 in 2024, then retreated by 9.14% to 1.11 in 2025, then dropped by 23.11% to 0.85 in 2026.
- Business Quant data shows MIND's Asset Utilization Ratio at 0.85 in Q2 2026, 0.85 in Q1 2026, and 1.11 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 0.69 |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 0.52 |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 0.40 |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 0.41 |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 0.49 |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 0.37 |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 0.43 |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 0.52 |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 0.53 |
| 10 | Mind Technology | 42.04 Mn | 24.34 Mn | 4.10 Mn | 0.85 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.85 |
| Jan 31, 2026 | 0.85 |
| Oct 31, 2025 | 1.11 |
| Jul 31, 2025 | 1.35 |
| Apr 30, 2025 | 1.24 |
| Jan 31, 2025 | 1.29 |
| Oct 31, 2024 | 1.22 |
| Jul 31, 2024 | 1.05 |
| Apr 30, 2024 | 1.04 |
| Jan 31, 2024 | 1.15 |
| Oct 31, 2023 | 1.00 |
| Jul 31, 2023 | 0.88 |
| Apr 30, 2023 | 0.94 |
| Jan 31, 2023 | 0.89 |
| Oct 31, 2022 | 0.70 |
| Jul 31, 2022 | 0.82 |
| Apr 30, 2022 | 0.78 |
| Jan 31, 2022 | 0.66 |
| Oct 31, 2021 | 0.72 |
| Jul 31, 2021 | 0.67 |