MACOM Technology Solutions Holdings Inc (MTSI)

Total asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	729,578	679,243	637,279	625,451	648,407	676,175	699,912	695,653	675,169	652,237	632,600	618,036	606,920	598,958	583,603	559,444	530,037	495,036	466,075	468,116
Total assets	US$ in thousands	1,755,640	1,705,210	1,676,390	1,650,800	1,553,240	1,642,710	1,617,470	1,587,710	1,571,820	1,333,070	1,286,490	1,260,120	1,134,140	1,100,110	1,068,400	1,153,680	1,146,430	1,121,130	1,112,800	1,132,210
Total asset turnover		0.42	0.40	0.38	0.38	0.42	0.41	0.43	0.44	0.43	0.49	0.49	0.49	0.54	0.54	0.55	0.48	0.46	0.44	0.42	0.41

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $729,578K ÷ $1,755,640K
= 0.42

Total asset turnover measures a company's ability to generate sales from its assets. MACOM Technology Solutions Holdings Inc's total asset turnover has varied over the past few quarters, ranging from 0.38 to 0.55.

The trend in total asset turnover shows some fluctuations, with peaks observed in the later quarters of 2021 and early 2022 at around 0.49 to 0.55. However, in recent quarters, the total asset turnover has been trending downwards, with values around 0.38 to 0.42.

A total asset turnover below 1 suggests that MACOM Technology Solutions Holdings Inc is not generating a high level of sales compared to its asset base. The lower values in recent quarters could indicate inefficiencies in asset utilization or challenges in generating sufficient sales from the assets.

Further analysis would be needed to understand the reasons behind the fluctuations in total asset turnover and to assess whether these changes are driven by changes in sales, asset levels, or a combination of both.