Lumentum Holdings Inc (LITE)
Total asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,645,000 | 1,472,600 | 1,413,900 | 1,378,500 | 1,359,200 | 1,421,700 | 1,438,600 | 1,577,800 | 1,767,000 | 1,818,300 | 1,830,300 | 1,771,000 | 1,712,600 | 1,682,600 | 1,706,700 | 1,738,800 | 1,742,800 | 1,718,800 | 1,702,100 | 1,681,100 |
| Total assets | US$ in thousands | 4,218,700 | 3,975,000 | 3,966,100 | 3,969,600 | 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 |
| Total asset turnover | 0.39 | 0.37 | 0.36 | 0.35 | 0.35 | 0.34 | 0.31 | 0.35 | 0.38 | 0.42 | 0.41 | 0.40 | 0.41 | 0.41 | 0.47 | 0.49 | 0.49 | 0.46 | 0.49 | 0.50 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,645,000K ÷ $4,218,700K
= 0.39
The total asset turnover ratio for Lumentum Holdings Inc. indicates a declining trend over the provided period from September 2020 through June 2025. Initially, the ratio was approximately 0.50 as of September 2020, reflecting that the company generated around $0.50 of sales for every dollar of assets held. Over the subsequent periods, this ratio exhibited a gradual decrease, with some fluctuations, reaching a low of approximately 0.31 in December 2023. Post this period, the ratio exhibited a modest recovery, rising slightly to approximately 0.39 by June 2025.
The overall decline suggests that the company's efficiency in utilizing its assets to generate revenue has weakened over time. Several factors could contribute to this trend, including increased asset base without commensurate sales growth, changes in operational efficiency, or shifts in the product mix and market demand. The slight recoveries observed in later periods may reflect efforts to improve operational efficiency or strategic adjustments.
In summary, Lumentum's total asset turnover ratio demonstrates a pattern of decreasing efficiency in asset utilization over multiple fiscal periods, with signs of stabilization and slight improvement toward the most recent periods analyzed.
Peer comparison
Jun 30, 2025