Lattice Semiconductor Corporation (LSCC)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 509,401 737,154 660,356 515,327 408,120
Total current assets US$ in thousands 364,834 367,946 379,167 301,351 333,843
Total current liabilities US$ in thousands 99,622 97,400 127,373 106,181 79,731
Working capital turnover 1.92 2.72 2.62 2.64 1.61

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $509,401K ÷ ($364,834K – $99,622K)
= 1.92

The working capital turnover of Lattice Semiconductor Corporation has shown variability over the last five years. It increased from 1.61 in December 31, 2020, to 2.64 in December 31, 2021, indicating the company's ability to efficiently utilize its working capital to generate sales. This positive trend continued in 2022 and 2023, where the working capital turnover remained relatively stable at 2.62 and 2.72, respectively.

However, there was a decline in the working capital turnover to 1.92 in December 31, 2024. This decrease may suggest potential issues in managing working capital efficiently during that period. Further analysis of the company's financial performance and operational activities would be necessary to understand the factors driving this decline in working capital turnover.