Littelfuse Inc (LFUS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,190,770 | 2,362,660 | 2,513,900 | 2,079,930 | 1,445,700 |
| Total assets | US$ in thousands | 3,891,780 | 3,995,280 | 3,903,730 | 3,151,700 | 2,747,590 |
| Total asset turnover | 0.56 | 0.59 | 0.64 | 0.66 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,190,770K ÷ $3,891,780K
= 0.56
Littelfuse Inc's total asset turnover has shown some fluctuations over the five-year period from 2020 to 2024. The company's total asset turnover ratio was 0.53 in 2020, indicating that for every dollar of total assets, the company generated $0.53 in revenue.
There was an improvement in 2021, with the total asset turnover ratio increasing to 0.66, suggesting that the company became more efficient in generating revenue from its total assets. However, the ratio declined slightly in 2022 to 0.64 and further decreased to 0.59 in 2023, indicating a potential decrease in productivity or sales efficiency.
In 2024, the total asset turnover ratio continued to decline to 0.56, which may raise concerns regarding the company's ability to generate revenue from its total assets efficiently. Overall, the fluctuations in Littelfuse Inc's total asset turnover ratio over the five-year period suggest varying levels of effectiveness in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024