Analysis of Geographic Areas
Monolithic Power Systems Inc. operates in 4 regions: China; Taiwan; United States; and Other.
Area Asset Turnover
Monolithic Power Systems Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| China | 5.06 | 4.68 | 3.31 | 3.40 | 3.36 |
| Taiwan | 7.80 | 11.61 | 8.63 | 5.81 | 4.18 |
| United States | 0.81 | 0.88 | 0.31 | 0.20 | 0.19 |
| Other | 18.94 | 23.13 | 17.18 | 21.56 | 72.98 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Taiwan | Taiwan area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| Other | Other area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: China
Monolithic Power Systems Inc.; China; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 934,768) | 938,946) | 700,985) | 516,519) | 382,740) |
| Long-lived assets | 184,685) | 200,508) | 211,973) | 151,752) | 113,888) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.06 | 4.68 | 3.31 | 3.40 | 3.36 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 934,768 ÷ 184,685 = 5.06
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Taiwan
Monolithic Power Systems Inc.; Taiwan; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 307,499) | 233,040) | 169,130) | 109,256) | 73,801) |
| Long-lived assets | 39,419) | 20,074) | 19,607) | 18,797) | 17,652) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.80 | 11.61 | 8.63 | 5.81 | 4.18 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 307,499 ÷ 39,419 = 7.80
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Taiwan | Taiwan area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: United States
Monolithic Power Systems Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 97,294) | 99,804) | 35,770) | 20,098) | 17,836) |
| Long-lived assets | 119,430) | 113,996) | 113,805) | 101,768) | 94,671) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.81 | 0.88 | 0.31 | 0.20 | 0.19 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 97,294 ÷ 119,430 = 0.81
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: Other
Monolithic Power Systems Inc.; Other; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 481,511) | 522,358) | 301,913) | 198,579) | 153,544) |
| Long-lived assets | 25,418) | 22,579) | 17,577) | 9,211) | 2,104) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 18.94 | 23.13 | 17.18 | 21.56 | 72.98 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 481,511 ÷ 25,418 = 18.94
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Revenue
Monolithic Power Systems Inc., revenue by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| China | 934,768) | 938,946) | 700,985) | 516,519) | 382,740) |
| Taiwan | 307,499) | 233,040) | 169,130) | 109,256) | 73,801) |
| United States | 97,294) | 99,804) | 35,770) | 20,098) | 17,836) |
| Other | 481,511) | 522,358) | 301,913) | 198,579) | 153,544) |
| Total | 1,821,072) | 1,794,148) | 1,207,798) | 844,452) | 627,921) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Long-lived assets
Monolithic Power Systems Inc., long-lived assets by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| China | 184,685) | 200,508) | 211,973) | 151,752) | 113,888) |
| Taiwan | 39,419) | 20,074) | 19,607) | 18,797) | 17,652) |
| United States | 119,430) | 113,996) | 113,805) | 101,768) | 94,671) |
| Other | 25,418) | 22,579) | 17,577) | 9,211) | 2,104) |
| Total | 368,952) | 357,157) | 362,962) | 281,528) | 228,315) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).