SolarMax Technology (SMXT) Asset Utilization Ratio (2024 - 2026)
SolarMax Technology (SMXT) posted quarterly Asset Utilization Ratio of 1.0 for Q1 2026, up 60.11% year-over-year from 0.63 in Q1 2025, and down 17.47% quarter-over-quarter from 1.21 in Q4 2025.
SolarMax Technology (SMXT) Asset Utilization Ratio (2024 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported Asset Utilization Ratio for 3 consecutive years, with 1.0 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio rose 60.11% year-over-year to 1.0; the TTM figure through Mar 2026 stood at 1.0 (up 60.11% YoY), while the FY2025 annual figure was 1.4, up 165.92% from the prior year.
- Asset Utilization Ratio declined to 1.0 in Q1 2026 per SMXT's latest filing, from 1.21 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 1.21 in Q4 2025 and bottomed at 0.56 in Q4 2024.
- Historically, Asset Utilization Ratio has averaged 0.82 across 3 years, with a median of 0.69 in 2024.
- On a YoY basis, Asset Utilization Ratio climbed as much as 115.59% in 2025 and fell as far as 31.28% in 2025.
- SolarMax Technology's Asset Utilization Ratio stood at 0.56 in 2024, then jumped by 115.59% to 1.21 in 2025, then fell by 17.47% to 1.0 in 2026.
- Business Quant data shows SMXT's Asset Utilization Ratio at 1.0 in Q1 2026, 1.21 in Q4 2025, and 1.05 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 0.40 |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 0.87 |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 0.47 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 0.15 |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 0.56 |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.57 |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 0.74 |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 0.51 |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 0.79 |
| 10 | SolarMax Technology | 16.01 Mn | 11.42 Mn | 3.05 Mn | 1.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.00 |
| Dec 31, 2025 | 1.21 |
| Sep 30, 2025 | 1.05 |
| Jun 30, 2025 | 0.69 |
| Mar 31, 2025 | 0.63 |
| Dec 31, 2024 | 0.56 |
| Sep 30, 2024 | 0.61 |
| Jun 30, 2024 | 0.69 |
| Mar 31, 2024 | 0.91 |