Mind Technology (MIND) Asset Utilization Ratio (2011 - 2026)
Mind Technology (MIND) reported Asset Utilization Ratio of 0.85 for Q1 2026, down 34.13% year-over-year from 1.29 in Q1 2025, and down 23.69% quarter-over-quarter from 1.11 in Q4 2025.
Mind Technology (MIND) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Mind Technology (MIND) has 16 years of Asset Utilization Ratio data on file, last reported at 0.85 in Q1 2026.
- Asset Utilization Ratio for Q1 2026 came in at 0.85, down 34.13% year-over-year; the trailing twelve-month figure through Jan 2026 was 0.85 (down 34.13% YoY), and the FY2026 annual result was 0.95, down 28.65% from the prior year.
- Asset Utilization Ratio eased to 0.85 in Q1 2026 per MIND's latest filing, from 1.11 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 1.35 in Q3 2025 and troughed at 0.6 in Q1 2022.
- A 5-year average of 0.99 and a median of 1.0 in 2023 frame the typical range for Asset Utilization Ratio.
- The sharpest annual moves came in 2023 and 2026: Asset Utilization Ratio jumped 48.12% in 2023, then tumbled 34.13% in 2026.
- A 5-year view of Asset Utilization Ratio shows it stood at 0.7 in 2022, then surged by 41.82% to 1.0 in 2023, then increased by 22.36% to 1.22 in 2024, then fell by 9.14% to 1.11 in 2025, then decreased by 23.69% to 0.85 in 2026.
- Business Quant data shows MIND's Asset Utilization Ratio at 0.85 in Q1 2026, 1.11 in Q4 2025, and 1.35 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 0.41 |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 0.50 |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 0.68 |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 0.40 |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 0.46 |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 0.36 |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 0.40 |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 0.52 |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 0.52 |
| 10 | Mind Technology | 48.89 Mn | 29.79 Mn | 3.99 Mn | 0.85 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 0.70 |
| Jan 31, 2022 | 0.60 |
| Oct 31, 2021 | 0.72 |
| Jul 31, 2021 | 0.67 |
| Apr 30, 2021 | 0.59 |