Lattice Semiconductor Corporation (LSCC)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	739,195	656,210	512,589	404,418	390,127
Total assets	US$ in thousands	840,894	798,713	726,494	680,067	612,016
Total asset turnover		0.88	0.82	0.71	0.59	0.64

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $739,195K ÷ $840,894K
= 0.88

Lattice Semiconductor Corporation's total asset turnover has shown an improving trend over the past five years. The ratio increased from 0.64 in 2019 to 0.88 in 2023, indicating that the company generated $0.88 in revenue for every dollar of assets in 2023. This suggests that the company is utilizing its assets more efficiently to generate sales. The consistent improvement in total asset turnover reflects positively on the management's ability to generate sales from its asset base.