Lattice Semiconductor Corporation (LSCC)
Inventory 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 187,386 | 202,522 | 220,727 | 229,664 | 231,637 | 224,729 | 220,898 | 214,267 | 208,306 | 205,127 | 200,436 | 198,270 | 193,652 | 185,249 | 176,899 | 168,190 | 162,814 | 161,446 | 162,740 | 164,986 |
Inventory | US$ in thousands | 103,410 | 104,517 | 101,556 | 95,384 | 98,826 | 104,019 | 111,490 | 117,079 | 110,375 | 93,964 | 77,478 | 71,773 | 67,594 | 66,105 | 65,584 | 59,456 | 64,599 | 59,488 | 54,061 | 48,932 |
Inventory turnover | 1.81 | 1.94 | 2.17 | 2.41 | 2.34 | 2.16 | 1.98 | 1.83 | 1.89 | 2.18 | 2.59 | 2.76 | 2.86 | 2.80 | 2.70 | 2.83 | 2.52 | 2.71 | 3.01 | 3.37 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $187,386K ÷ $103,410K
= 1.81
Lattice Semiconductor Corporation's inventory turnover ratio reflects the company's efficiency in managing its inventory levels and converting inventory into sales over a specific period.
The inventory turnover for Lattice Semiconductor Corporation has shown a declining trend over the past few quarters, starting at 3.37 on March 31, 2020, and decreasing to 1.81 on December 31, 2024. This indicates that the company is taking longer to sell its inventory or possibly holding excess inventory relative to its sales volume.
A decreasing inventory turnover ratio may suggest potential issues such as overstocking, obsolete inventory, or slowing sales. It could also indicate inefficiencies in the company's supply chain or production processes.
Analyzing the inventory turnover trend can help stakeholders assess the company's inventory management practices and identify areas for improvement. It would be advisable for Lattice Semiconductor Corporation to closely monitor its inventory levels, streamline its supply chain, and adjust its production processes to enhance inventory turnover and overall operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024