Lumentum Holdings Inc (LITE)
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 | 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 |
| Total assets | US$ in thousands | 3,931,900 | 4,204,500 | 4,656,000 | 4,545,000 | 4,632,100 | 4,354,000 | 4,418,100 | 4,387,400 | 4,162,200 | 4,133,500 | 3,615,700 | 3,519,000 | 3,551,600 | 3,745,900 | 3,468,200 | 3,387,400 | 3,292,600 | 3,268,700 | 3,221,200 | 2,867,800 |
| Total asset turnover | 0.69 | 0.33 | 0.30 | 0.34 | 0.38 | 0.41 | 0.40 | 0.39 | 0.40 | 0.39 | 0.45 | 0.48 | 0.47 | 0.44 | 0.47 | 0.48 | 0.49 | 0.51 | 0.53 | 0.57 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,717,600K ÷ $3,931,900K
= 0.69
Lumentum Holdings Inc's total asset turnover ratio has fluctuated over the past few quarters, reflecting the efficiency of the company in generating revenue from its assets. The total asset turnover ratio measures how efficiently a company utilizes its assets to generate sales.
The trend indicates that Lumentum's efficiency in utilizing its assets to generate revenue has varied. The ratio started at 0.57 in September 2019 and generally increased to 0.69 in June 2024, although it showed some fluctuations during the period.
A total asset turnover ratio of less than 1 suggests that the company is not efficiently utilizing its assets to generate sales. Lumentum's ratio consistently below 1 indicates that the company may have excess or underutilized assets that are not contributing to revenue generation effectively.
Overall, Lumentum's total asset turnover ratio reflects the company's ability to generate revenue from its assets, and the fluctuations in the ratio suggest varying levels of asset utilization efficiency over the analyzed quarters. The company may need to focus on improving asset efficiency to enhance overall financial performance.
Peer comparison
Jun 30, 2024