Lumentum Holdings Inc (LITE)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,717,800 | 1,732,500 | 1,644,500 | 1,674,700 | 1,603,300 |
| Total assets | US$ in thousands | 3,931,900 | 4,632,100 | 4,162,200 | 3,551,600 | 3,292,600 |
| Total asset turnover | 0.69 | 0.37 | 0.40 | 0.47 | 0.49 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,717,800K ÷ $3,931,900K
= 0.69
The total asset turnover ratio of Lumentum Holdings Inc has shown variability over the past five years. The ratio was 0.69 as of June 30, 2024, which indicates that the company generated $0.69 in revenue for every dollar of assets it held during that period. This represents an improvement compared to the previous year, where the ratio was 0.37, suggesting more efficient asset utilization in generating revenue.
However, looking at the trend over the last five years, we see fluctuations in the total asset turnover ratio. In June 2023, the ratio was 0.40, followed by a slight increase to 0.47 in June 2021, and then a further improvement to 0.49 in June 2020. This indicates that Lumentum has been able to enhance its efficiency in generating revenue from its assets over time, although there have been some fluctuations.
Overall, the increasing trend in the total asset turnover ratio for Lumentum Holdings Inc indicates improved efficiency in utilizing its assets to generate revenue. This is a positive sign for the company's operational performance and can be an indicator of effective asset management strategies.
Peer comparison
Jun 30, 2024