Lattice Semiconductor Corporation (LSCC)

Fixed asset turnover

		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	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	509,401	562,578	627,656	693,659	737,154	742,518	722,858	694,151	660,356	626,191	585,593	550,126	515,327	480,705	451,836	426,520	408,120	401,184	401,611	403,318
Property, plant and equipment	US$ in thousands	—	—	—	—	—	66,252	50,446	51,086	47,614	62,589	63,148	39,626	61,912	37,261	63,905	38,143	39,666	39,782	40,268	39,933
Fixed asset turnover		—	—	—	—	—	11.21	14.33	13.59	13.87	10.00	9.27	13.88	8.32	12.90	7.07	11.18	10.29	10.08	9.97	10.10

December 31, 2024 calculation

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

Fixed asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its investment in fixed assets. In the case of Lattice Semiconductor Corporation, the fixed asset turnover has fluctuated over the years, as evidenced by the data provided.

From March 31, 2020, to March 31, 2024, Lattice Semiconductor's fixed asset turnover ratio has experienced various levels, starting at 10.10 and reaching a peak of 14.33 before experiencing some volatility and stabilizing around 13.59 by the end of March 2023. This indicates that the company was efficient in utilizing its fixed assets to generate sales revenue during this period.

However, it's worth noting the decrease in fixed asset turnover from June 30, 2023 (14.33) to September 30, 2023 (11.21), followed by a fluctuation in subsequent periods. Such fluctuations could indicate changes in the company's operating efficiency or the nature of its business activities during these quarters. The absence of data for the last four quarters of 2024 makes it challenging to provide a complete analysis of the trend.

In conclusion, while the data indicates that Lattice Semiconductor Corporation has generally shown strong efficiency in generating sales from its fixed assets, the fluctuations in the ratio over the years suggest the need for further analysis to understand the underlying reasons and implications for the company's operations and financial performance.