Littelfuse Inc (LFUS)
Total asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,318,462 | 2,418,117 | 2,465,213 | 2,461,812 | 2,463,322 | 2,383,122 | 2,282,657 | 2,203,251 | 2,044,243 | 1,905,343 | 1,766,270 | 1,553,224 | 1,439,034 | 1,376,861 | 1,335,553 | 1,423,926 | 1,481,403 | 1,545,161 | 1,626,151 | 1,680,487 |
| Total assets | US$ in thousands | 3,995,280 | 4,002,930 | 3,975,710 | 3,961,740 | 3,903,730 | 3,777,930 | 3,544,470 | 3,193,170 | 3,151,700 | 3,038,520 | 2,927,500 | 2,786,870 | 2,747,590 | 2,654,370 | 2,611,060 | 2,612,630 | 2,559,900 | 2,551,360 | 2,621,580 | 2,625,020 |
| Total asset turnover | 0.58 | 0.60 | 0.62 | 0.62 | 0.63 | 0.63 | 0.64 | 0.69 | 0.65 | 0.63 | 0.60 | 0.56 | 0.52 | 0.52 | 0.51 | 0.55 | 0.58 | 0.61 | 0.62 | 0.64 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,318,462K ÷ $3,995,280K
= 0.58
The total asset turnover ratio of Littelfuse Inc has fluctuated over the past few years, ranging from 0.51 to 0.69. The ratio measures how efficiently the company is using its total assets to generate revenue. A higher turnover ratio indicates that the company is generating more revenue per dollar of assets.
From the data provided, we can see that the total asset turnover ratio increased from 0.52 in Mar 31, 2020, to a peak of 0.69 in Mar 31, 2022, before declining to 0.58 in Dec 31, 2023. This suggests that Littelfuse Inc was more efficient in generating revenue from its assets in Mar 31, 2022, but the efficiency has since decreased.
Overall, it is important for Littelfuse Inc to closely monitor and manage its total asset turnover ratio to ensure optimal utilization of assets and maximize revenue generation.
Peer comparison
Dec 31, 2023