Allegro Microsystems Inc (ALGM)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 23, 2022	Sep 23, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Revenue (ttm)	US$ in thousands	737,693	810,951	933,063	1,043,668	1,070,478	1,067,931	1,030,581	972,710	905,391	843,434	799,845	768,055	741,851	710,474	653,311
Total assets	US$ in thousands	1,441,740	1,492,120	1,448,890	1,530,600	1,565,300	1,284,940	1,234,090	1,181,160	1,084,060	979,802	926,113	892,620	851,417	803,251	796,887
Total asset turnover		0.51	0.54	0.64	0.68	0.68	0.83	0.84	0.82	0.84	0.86	0.86	0.86	0.87	0.88	0.82

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $737,693K ÷ $1,441,740K
= 0.51

Total asset turnover represents how efficiently a company is using its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.

Analyzing the data provided for Allegro Microsystems Inc:
- The total asset turnover ranged from 0.82 to 0.88 in the fiscal year 2022, showing relatively consistent performance.
- However, there was a slight decrease in total asset turnover to 0.82 in the first quarter of 2023 before stabilizing around 0.84 to 0.86 in subsequent quarters.
- A significant decline was observed in the last two quarters of 2024, with the total asset turnover dropping to 0.51 by the end of the year.

Overall, Allegro Microsystems Inc's total asset turnover has shown fluctuations over the period analyzed, with a general trend of stability and efficiency in asset utilization, followed by a notable decline in the latter part of 2024. This suggests the need for further analysis to understand the factors contributing to the decrease in asset turnover and evaluate the company's operational and financial performance.