Alpha and Omega Semiconductor Ltd (AOSL)

Total asset turnover

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	657,274	657,503	640,003	663,478	691,321	723,755	794,434	798,993	777,552	760,902	726,875	692,386	656,902	601,988	539,628	498,658	464,909	454,370	456,585	453,650
Total assets	US$ in thousands	1,145,010	1,154,050	1,176,350	1,206,370	1,199,740	1,253,310	1,285,640	1,311,440	1,298,630	1,209,170	1,111,880	991,678	918,573	874,391	853,165	811,748	792,939	767,295	778,849	765,921
Total asset turnover		0.57	0.57	0.54	0.55	0.58	0.58	0.62	0.61	0.60	0.63	0.65	0.70	0.72	0.69	0.63	0.61	0.59	0.59	0.59	0.59

June 30, 2024 calculation

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

The total asset turnover of Alpha and Omega Semiconductor Ltd has shown some fluctuations over the past few quarters. The ratio has ranged from 0.54 to 0.72 in the last 8 quarters.

The company's total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio generally indicates that the company is effectively generating sales from its assets.

In the most recent quarters, the total asset turnover ratio has ranged between 0.57 and 0.54. The stability of this ratio within a narrow range suggests that Alpha and Omega Semiconductor Ltd has been consistent in generating revenue relative to its total assets.

It's important to note that a declining trend in total asset turnover could indicate inefficiencies in the utilization of assets or a decrease in sales relative to assets. Conversely, an increasing trend could signify enhanced operational efficiency or sales growth relative to assets.

Overall, further analysis of the company's operations and market conditions would be required to provide a more detailed assessment of the implications of the total asset turnover ratios.