Smart Global Holdings Inc (SGH)
Total asset turnover
| Mar 1, 2024 | Dec 1, 2023 | Aug 25, 2023 | May 26, 2023 | Feb 24, 2023 | Nov 25, 2022 | Aug 26, 2022 | May 27, 2022 | Feb 25, 2022 | Nov 26, 2021 | Aug 27, 2021 | May 28, 2021 | Feb 26, 2021 | Nov 27, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,233,638 | 1,360,769 | 1,552,734 | 1,598,535 | 1,700,746 | 1,758,024 | 1,764,196 | 1,888,093 | 1,862,989 | 1,718,489 | 1,559,283 | 1,371,659 | 1,193,744 | 1,160,383 | 1,134,618 | 1,092,825 | 1,123,015 | 1,259,316 | 1,354,886 | 1,462,059 |
| Total assets | US$ in thousands | 1,517,450 | 1,630,860 | 1,505,960 | 1,591,190 | 1,640,080 | 1,807,660 | 1,572,060 | 1,554,050 | 1,508,510 | 1,323,700 | 1,344,800 | 1,189,060 | 820,807 | 784,725 | 792,300 | 808,437 | 782,733 | 704,137 | 670,013 | 776,408 |
| Total asset turnover | 0.81 | 0.83 | 1.03 | 1.00 | 1.04 | 0.97 | 1.12 | 1.21 | 1.23 | 1.30 | 1.16 | 1.15 | 1.45 | 1.48 | 1.43 | 1.35 | 1.43 | 1.79 | 2.02 | 1.88 |
March 1, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,233,638K ÷ $1,517,450K
= 0.81
The total asset turnover of Smart Global Holdings Inc has exhibited fluctuations over the analyzed periods. The company's total asset turnover ratio ranged from 0.81 to 2.02, indicating the effectiveness of utilizing its assets to generate sales revenue. A higher total asset turnover ratio suggests that the company is efficiently using its assets to generate revenue.
The general trend seems to show an improving total asset turnover performance, with occasional fluctuations. For example, in the most recent periods, total asset turnover has been consistently above 1.0, indicating a good utilization of assets to generate revenue. This improvement may suggest better management of inventory, efficient use of fixed assets, or effective working capital management.
It is important to note that while a high total asset turnover ratio may indicate efficiency, it also raises the question of whether the company is maintaining an optimal level of assets to support its operations. Therefore, further analysis of the company's financial statements and industry benchmarks would be beneficial to fully evaluate its operational efficiency and asset management strategies.
Peer comparison
Mar 1, 2024