Lattice Semiconductor Corporation (LSCC)

Working capital turnover

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
Revenue (ttm) US$ in thousands 509,401 562,578 627,656 693,659 737,154 742,518 722,858 694,151 660,356 626,191 585,593 550,126 515,327 480,705 451,836 426,520 408,120 401,184 401,611 403,318
Total current assets US$ in thousands 364,834 366,112 353,204 340,738 367,946 360,733 344,612 348,880 379,167 340,308 314,460 299,185 301,351 351,759 346,469 336,880 333,843 338,950 330,998 318,678
Total current liabilities US$ in thousands 99,622 92,048 80,284 81,561 97,400 100,663 91,966 97,158 127,373 110,278 106,408 99,063 106,181 103,369 88,572 80,679 79,731 87,834 90,522 93,727
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

December 31, 2024 calculation

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

The working capital turnover for Lattice Semiconductor Corporation has shown a fluctuating trend over the periods analyzed. It increased from 1.79 in March 2020 to a peak of 2.86 in June 30, 2023, before slightly decreasing to 2.05 by September 30, 2024. This metric reflects how efficiently the company is utilizing its working capital to generate revenue. An increasing trend indicates that the company is effectively managing its working capital to support sales growth, while a decreasing trend may suggest inefficiencies in working capital management or a slowdown in sales relative to the working capital employed. Further analysis of the company's financial performance, liquidity position, and operational efficiency would provide a more holistic view of its overall financial health.