Lattice Semiconductor Corporation (LSCC)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	509,401	737,154	660,356	515,327	408,120
Property, plant and equipment	US$ in thousands	—	—	47,614	61,912	39,666
Fixed asset turnover		—	—	13.87	8.32	10.29

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $509,401K ÷ $—K
= —

The fixed asset turnover ratio measures the efficiency with which a company utilizes its fixed assets to generate revenue. Looking at the data provided for Lattice Semiconductor Corporation, we observe a fluctuating trend in the fixed asset turnover ratio over the years.

- In December 31, 2020, the fixed asset turnover ratio was 10.29, indicating that the company generated $10.29 in sales for every $1 worth of fixed assets. This suggests a high level of efficiency in asset utilization.
- By December 31, 2021, the fixed asset turnover ratio decreased to 8.32, implying a slight decline in the efficiency of utilizing fixed assets to generate revenue.
- However, in December 31, 2022, the fixed asset turnover ratio significantly improved to 13.87, reflecting a sharp increase in efficiency in using fixed assets to generate revenue.
- The data for December 31, 2023, and December 31, 2024 are not available (indicated as "—"), making it difficult to assess the company's recent performance in asset turnover.

In conclusion, Lattice Semiconductor Corporation experienced fluctuations in its fixed asset turnover ratio over the years, with varying levels of efficiency in utilizing fixed assets to generate revenue. This trend indicates the need for further monitoring and analysis to understand the company's operational performance.