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.