Sanmina Corporation (SANM)

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	8,427,300	8,913,590	9,094,690	8,915,390	8,514,240	7,922,760	7,348,510	6,984,030	6,759,880	6,753,930	6,978,280	6,979,700	6,875,450	6,960,370	6,977,620	7,349,930	7,886,020	8,233,870	8,218,000	8,004,370
Total assets	US$ in thousands	4,616,980	4,873,970	4,957,890	5,029,460	1,579,280	4,835,530	4,743,670	4,649,910	4,502,010	4,206,720	4,002,590	3,765,740	3,779,730	3,772,660	4,474,700	4,360,180	3,829,740	3,905,510	4,019,960	4,206,690
Total asset turnover		1.83	1.83	1.83	1.77	5.39	1.64	1.55	1.50	1.50	1.61	1.74	1.85	1.82	1.84	1.56	1.69	2.06	2.11	2.04	1.90

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,427,300K ÷ $4,616,980K
= 1.83

The total asset turnover of Sanmina Corporation has been relatively stable around the range of 1.50 to 1.85 in recent quarters. However, there was a significant spike in the ratio to 5.39 in the last quarter of 2022, indicating a substantial increase in the company's efficiency in generating sales from its total assets during that period. This anomaly could be due to various factors such as changes in business operations, asset utilization, or sales growth. Overall, the company's ability to generate revenue from its total assets appears to be healthy, with some fluctuations observed in certain quarters. An in-depth analysis involving other financial metrics and qualitative factors would provide a better understanding of Sanmina Corporation's overall financial performance.