Lattice Semiconductor Corporation (LSCC)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	739,750	742,381	720,500	701,474	666,971	633,429	593,440	547,401	512,592	477,839	448,836	423,177	404,418	398,270	397,467	394,481	391,430	387,170	387,207	393,364
Total assets	US$ in thousands	840,894	779,622	759,071	767,629	798,713	758,945	737,128	720,926	726,494	704,839	693,552	687,584	680,067	682,431	676,030	664,205	612,016	593,405	616,659	644,726
Total asset turnover		0.88	0.95	0.95	0.91	0.84	0.83	0.81	0.76	0.71	0.68	0.65	0.62	0.59	0.58	0.59	0.59	0.64	0.65	0.63	0.61

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $739,750K ÷ $840,894K
= 0.88

The total asset turnover for Lattice Semiconductor Corporation has exhibited a fluctuating trend over the past few years, ranging from 0.58 to 0.95. The ratio measures the company's efficiency in generating revenue from its assets. Generally, a higher total asset turnover indicates that the company is generating more revenue from its assets, which is favorable.

The trend shows an improvement in recent periods, with the ratio increasing from 0.59 in March 2020 to 0.95 in June 2023. This suggests that the company has become more efficient in utilizing its assets to generate revenue over time.

However, it's worth noting that the ratio has shown some volatility, which could indicate fluctuations in the company's operations or changes in its asset base. Overall, a consistent focus on optimizing asset utilization and driving revenue growth will be important for Lattice Semiconductor Corporation to sustain and enhance its total asset turnover performance.