Lattice Semiconductor Corporation (LSCC)

Fixed asset turnover

		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	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	739,750	742,381	720,500	701,474	666,971	633,429	593,440	547,401	512,592	477,839	448,836	423,177	404,418	398,270	397,467	394,481	391,430	387,170	387,207	393,364
Property, plant and equipment	US$ in thousands	49,546	50,164	50,446	51,086	47,614	45,217	42,741	39,626	38,094	37,261	37,475	38,143	39,666	39,782	40,268	39,933	39,230	40,163	39,593	36,758
Fixed asset turnover		14.93	14.80	14.28	13.73	14.01	14.01	13.88	13.81	13.46	12.82	11.98	11.09	10.20	10.01	9.87	9.88	9.98	9.64	9.78	10.70

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $739,750K ÷ $49,546K
= 14.93

The fixed asset turnover ratio for Lattice Semiconductor Corporation has shown a consistent upward trend over the past five quarters, indicating the company's improved efficiency in generating revenue from its fixed assets. The ratio has steadily increased from 10.70 in Q1 2019 to 14.93 in Q4 2023, reaching its peak in the most recent quarter.

This upward trend suggests that the company is effectively utilizing its fixed assets to generate sales revenue. A high fixed asset turnover ratio is generally favorable as it indicates that a company is generating more revenue per dollar invested in fixed assets.

Overall, the increasing trend in fixed asset turnover reflects positively on Lattice Semiconductor Corporation's operational efficiency and effectiveness in managing its fixed assets to drive revenue growth.