Lattice Semiconductor Corporation (LSCC)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	169,001	222,484	208,306	193,652	162,814
Inventory	US$ in thousands	103,410	98,826	110,375	67,594	64,599
Inventory turnover		1.63	2.25	1.89	2.86	2.52

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $169,001K ÷ $103,410K
= 1.63

The inventory turnover ratio for Lattice Semiconductor Corporation has shown fluctuations over the past five years. In December 2020, the inventory turnover was 2.52, indicating that the company's inventory was sold and replenished approximately 2.52 times during the year.

By December 2021, the inventory turnover improved to 2.86, suggesting a more efficient management of inventory or faster sales cycles compared to the previous year. However, by December 2022, the inventory turnover ratio decreased to 1.89, which may indicate possible challenges in managing inventory levels or slower sales.

The ratio increased again to 2.25 by December 2023, reflecting a moderate improvement in the efficiency of inventory management. However, there was a significant drop to 1.63 by December 2024, which could raise concerns about possibly inadequate inventory control or slower sales relative to inventory levels during that period.

In conclusion, the inventory turnover ratios for Lattice Semiconductor Corporation have been somewhat inconsistent, indicating varying levels of efficiency in managing and selling inventory over the past five years. Further analysis and monitoring of inventory management practices may be necessary to address any potential issues and improve overall operational performance.