SolarMax Technology (SMXT) Asset Utilization Ratio (2024 - 2026)
SolarMax Technology's (SMXT) quarterly Asset Utilization Ratio came in at 1.0 in Q1 2026, up 60.11% year-on-year from 0.63 in Q1 2025, and down 17.47% on a QoQ basis from 1.21 in Q4 2025.
SolarMax Technology (SMXT) Asset Utilization Ratio (2024 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has 3 years of Asset Utilization Ratio data on file, last reported at 1.0 in Q1 2026.
- On a quarterly basis, Asset Utilization Ratio rose 60.11% year-over-year to 1.0 in Q1 2026; TTM through Mar 2026 was 1.0, a 60.11% increase from a year earlier, with the FY2025 full-year figure at 1.4, up 165.92% from the prior year.
- Asset Utilization Ratio for Q1 2026 stood at 1.0, down from 1.21 in the prior quarter.
- Over the last five years, Asset Utilization Ratio for SMXT reached as high as 1.21 in Q4 2025 and fell as low as 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.
- Year by year, Asset Utilization Ratio stood at 0.56 in 2024, then soared by 115.59% to 1.21 in 2025, then decreased by 17.47% to 1.0 in 2026.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 1.0 in Q1 2026, 1.21 in Q4 2025, and 1.05 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 0.90 |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 0.45 |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 0.51 |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 0.52 |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 0.14 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 0.55 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 0.74 |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 0.82 |
| 10 | SolarMax Technology | 18.57 Mn | 13.99 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 |