Lattice Semiconductor Corporation (LSCC)
Working capital 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 current assets | US$ in thousands | 367,946 | 379,167 | 301,351 | 333,843 | 262,430 |
Total current liabilities | US$ in thousands | 97,400 | 127,373 | 106,181 | 79,731 | 99,819 |
Working capital turnover | 2.73 | 2.61 | 2.63 | 1.59 | 2.40 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $739,195K ÷ ($367,946K – $97,400K)
= 2.73
Lattice Semiconductor Corporation's working capital turnover has exhibited fluctuations over the past five years. The ratio indicates the company's ability to efficiently utilize its working capital to generate sales revenue. A higher working capital turnover ratio generally suggests that the company is effectively managing its working capital to support sales growth.
In 2023, the working capital turnover ratio increased to 2.73 from 2.61 in 2022, indicating an improvement in the company's efficiency in converting its working capital into sales. This may be a positive sign of effective working capital management or improved sales performance compared to the previous year.
Looking back at the trend, the company experienced a significant increase in working capital turnover in 2020 compared to 2019, followed by fluctuations in the subsequent years. The lower ratio in 2021 and the notable increase in 2020 may suggest improved working capital management efficiency during those periods.
Overall, Lattice Semiconductor Corporation's working capital turnover has shown variability over the years, indicating changing efficiencies in utilizing working capital to drive sales. It would be important to monitor future trends in this ratio to assess the company's ongoing operational performance and financial health.
Peer comparison
Dec 31, 2023