Lumentum Holdings Inc (LITE)
Fixed 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 | 2,717,600 | 1,391,000 | 1,408,200 | 1,548,200 | 1,739,700 | 1,773,200 | 1,774,200 | 1,706,700 | 1,645,500 | 1,617,600 | 1,645,000 | 1,678,600 | 1,678,000 | 1,654,700 | 1,639,500 | 1,616,400 | 1,617,500 | 1,669,900 | 1,714,900 | 1,648,500 |
| Property, plant and equipment | US$ in thousands | 572,500 | 578,700 | 582,300 | 511,600 | 489,500 | 482,900 | 487,700 | 478,000 | 360,500 | 356,400 | 359,600 | 353,200 | 361,100 | 378,000 | 385,800 | 468,100 | 380,600 | 491,800 | 505,700 | 436,700 |
| Fixed asset turnover | 4.75 | 2.40 | 2.42 | 3.03 | 3.55 | 3.67 | 3.64 | 3.57 | 4.56 | 4.54 | 4.57 | 4.75 | 4.65 | 4.38 | 4.25 | 3.45 | 4.25 | 3.40 | 3.39 | 3.77 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,717,600K ÷ $572,500K
= 4.75
The fixed asset turnover ratio for Lumentum Holdings Inc provides insight into how efficiently the company is generating revenue from its investments in fixed assets. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of investment in fixed assets.
Analyzing the trend of Lumentum's fixed asset turnover ratio over the past few quarters, we observe fluctuations in the ratio. The ratio has generally been above 3, indicating that the company is effectively utilizing its fixed assets to generate revenue. In particular, there are spikes in the ratio in the Jun 30, 2024 and Dec 31, 2021 periods, which suggest a very efficient utilization of fixed assets during those quarters.
Overall, the trend in Lumentum's fixed asset turnover ratio shows a somewhat volatile pattern, with fluctuations but generally remaining at a relatively healthy level above 3. This highlights the company's ability to efficiently generate revenue from its investment in fixed assets, although investors may want to closely monitor future trends to ensure consistency in asset utilization efficiency.
Peer comparison
Jun 30, 2024