Alpha and Omega Semiconductor Ltd (AOSL)

Total asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	657,274	691,321	777,552	656,902	464,909
Total assets	US$ in thousands	1,145,010	1,199,740	1,298,630	918,573	792,939
Total asset turnover		0.57	0.58	0.60	0.72	0.59

June 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $657,274K ÷ $1,145,010K
= 0.57

The total asset turnover ratio for Alpha and Omega Semiconductor Ltd has been fluctuating over the past five years. In the most recent year, ending on June 30, 2024, the total asset turnover was 0.57, slightly lower than the previous year's ratio of 0.58. This indicates that the company generated $0.57 in revenue for every dollar of assets it had during the year.

Compared to two years ago, the total asset turnover has decreased from 0.60 in June 2022 to the current ratio of 0.57 in June 2024. This downward trend suggests that the company may be becoming less efficient in utilizing its assets to generate revenue.

However, it is worth noting that the total asset turnover ratio was higher in June 2021, at 0.72, which could indicate that the company was more efficient in utilizing its assets to generate revenue during that period. Overall, monitoring the total asset turnover ratio can provide insights into how effectively Alpha and Omega Semiconductor Ltd is managing its assets to generate revenue over time.