Microvast Holdings (MVST) Asset Utilization Ratio (2021 - 2026)
Microvast Holdings (MVST) posted Asset Utilization Ratio of 0.38 for Q2 2026, up 1.62% on a QoQ basis from 0.37 in Q1 2026, and down 10.88% year-over-year from 0.43 in Q2 2025.
Analysis
Microvast Holdings (MVST) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
Microvast Holdings has reported Asset Utilization Ratio for 6 years, with the latest figure at 0.38 in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio fell 10.88% year-over-year to 0.38 in Q2 2026; TTM through Jun 2026 was 0.38, a 10.88% decrease from a year earlier, with the FY2025 full-year figure at 0.44, up 17.81% from the prior year.
- Asset Utilization Ratio was 0.38 for Q2 2026 at Microvast Holdings, up from 0.37 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.44 in Q3 2025, with the low at 0.17 in Q1 2022.
- Average Asset Utilization Ratio over 5 years is 0.32, with a median of 0.33 recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Asset Utilization Ratio plunged 53.91% in 2022, then surged 55.16% in 2024.
- Over 5 years, Asset Utilization Ratio stood at 0.21 in 2022, then soared by 38.91% to 0.29 in 2023, then soared by 34.26% to 0.39 in 2024, then climbed by 8.7% to 0.42 in 2025, then fell by 10.51% to 0.38 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.38 (Q2 2026), 0.37 (Q1 2026), and 0.42 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 0.95 |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 0.25 |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 1.06 |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 0.68 |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 0.04 |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 0.78 |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 0.64 |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 0.38 |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 0.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.38 |
| Mar 31, 2026 | 0.37 |
| Dec 31, 2025 | 0.42 |
| Sep 30, 2025 | 0.44 |
| Jun 30, 2025 | 0.43 |
| Mar 31, 2025 | 0.43 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.38 |
| Jun 30, 2024 | 0.35 |
| Mar 31, 2024 | 0.32 |
| Dec 31, 2023 | 0.29 |
| Sep 30, 2023 | 0.26 |
| Jun 30, 2023 | 0.23 |
| Mar 31, 2023 | 0.22 |
| Dec 31, 2022 | 0.21 |
| Sep 30, 2022 | 0.21 |
| Jun 30, 2022 | 0.21 |
| Mar 31, 2022 | 0.17 |
| Dec 31, 2021 | 0.15 |
| Sep 30, 2021 | 0.21 |