Production efficiency in mammals is low due to:
Mammals maintain a nearly constant, elevated body temperature through continuous metabolic heat production. This endothermic maintenance raises respiration, so a smaller fraction of assimilated energy remains for somatic growth, offspring, or stored biomass. Production efficiency is therefore generally lower than in ectotherms, whose metabolic costs fall when environmental temperature falls. Body size modifies the absolute and mass-specific rates, but homeothermy provides the mechanistic explanation; rapid growth would increase, not reduce, production efficiency when other costs are comparable
Ref: Fundamentals of Ecology, Odum & Barrett, 5th Ed., Ch. 3