Lattice Semiconductor Corporation (LSCC)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.92 | 2.05 | 2.30 | 2.68 | 2.72 | 2.86 | 2.86 | 2.76 | 2.62 | 2.72 | 2.81 | 2.75 | 2.64 | 1.94 | 1.75 | 1.66 | 1.61 | 1.60 | 1.67 | 1.79 |
The analysis of Lattice Semiconductor Corporation's activity ratios reveals the following trends:
1. Inventory turnover: The inventory turnover ratio has been gradually decreasing from 3.37 in March 2020 to 1.81 in December 2024. This indicates that the company is taking longer to sell its inventory, which may imply inefficiency in managing its inventory levels.
2. Receivables turnover: The data provided shows that receivables turnover information is not available for the specified periods, suggesting that the company may not have data or the ratio is not applicable due to the nature of its business operations.
3. Payables turnover: Similar to receivables turnover, payables turnover information is not provided, indicating that details regarding the company's payables turnover ratio are not available.
4. Working capital turnover: The working capital turnover ratio has fluctuated over the years, but generally shows an increasing trend from 1.79 in March 2020 to 1.92 in December 2024. This suggests that the company is efficiently generating revenue relative to its working capital, which is a positive sign of operational efficiency.
Overall, the trend in inventory turnover warrants attention as it indicates potential inefficiencies in inventory management. However, the increasing trend in working capital turnover reflects the company's ability to generate revenue efficiently using its working capital resources. Payables and receivables turnover ratios are not available, limiting a comprehensive analysis of working capital management and the efficiency of collections and payments processes.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 201.43 | 188.37 | 167.94 | 151.59 | 155.72 | 168.95 | 184.22 | 199.44 | 193.40 | 167.20 | 141.09 | 132.13 | 127.40 | 130.25 | 135.32 | 129.03 | 144.82 | 134.49 | 121.25 | 108.25 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Lattice Semiconductor Corporation's Days of Inventory on Hand (DOH) ratio has shown fluctuations over the years. The trend indicates an increase in the number of days it takes for the company to turn its inventory into sales, reaching a peak of 201.43 days by December 31, 2024. This may suggest potential inefficiencies in inventory management or challenges in selling products promptly.
On the other hand, the Days of Sales Outstanding (DSO) ratio and Number of Days of Payables metrics are not provided in the data, indicating a lack of information on the company's accounts receivable collection period and payment period for its suppliers.
Analyzing activity ratios is crucial as it helps in assessing how effectively a company is managing its assets and liabilities, providing insights into the efficiency of its operations and potential liquidity issues.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.60 | 0.66 | 0.76 | 0.85 | 0.88 | 0.95 | 0.95 | 0.90 | 0.83 | 0.83 | 0.79 | 0.76 | 0.71 | 0.68 | 0.65 | 0.62 | 0.60 | 0.59 | 0.59 | 0.61 |
Lattice Semiconductor Corporation's long-term activity ratios indicate the efficiency of the company in managing its fixed assets and total assets to generate revenue.
1. Fixed Asset Turnover: This ratio measures how efficiently the company is utilizing its fixed assets to generate sales. The trend in Lattice Semiconductor's fixed asset turnover ratio shows variability over the years, ranging from a low of 7.07 to a high of 14.33. A higher ratio indicates better efficiency in utilizing fixed assets to generate revenue. The company saw an increasing trend from March 2020 to June 2023, indicating improved efficiency in utilizing fixed assets. However, there was a slight decline in the ratio by the end of September 2023. The ratios for December 2023, and the subsequent periods until December 2024, are not available in the data provided.
2. Total Asset Turnover: This ratio reflects how effectively the company is using its total assets to generate sales. Lattice Semiconductor's total asset turnover ratio shows an increasing trend over the years, starting from 0.61 in March 2020 and reaching 0.85 by March 2024. A higher total asset turnover ratio suggests more efficient utilization of assets to generate revenue. The company exhibited a consistent improvement in this ratio, reflecting increased efficiency in asset utilization for revenue generation.
In conclusion, Lattice Semiconductor Corporation's long-term activity ratios demonstrate varying levels of efficiency in utilizing fixed assets and total assets to generate revenue. The increasing trend in the total asset turnover ratio indicates improved efficiency in asset utilization over the years. Further analysis would be beneficial to understand the impact of these ratios on the company's overall performance and future prospects.