Sitime Corporation (SITM)

Total asset 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	202,697	176,989	154,811	138,673	143,994	162,431	200,006	251,696	283,606	298,507	288,441	253,519	218,808	183,341	152,979	129,956	116,156	103,971	96,629	90,999
Total assets	US$ in thousands	884,959	877,903	878,555	942,623	951,683	747,687	745,504	746,428	750,616	738,054	733,963	698,048	678,209	367,443	334,383	324,076	136,011	127,697	155,476	128,214
Total asset turnover		0.23	0.20	0.18	0.15	0.15	0.22	0.27	0.34	0.38	0.40	0.39	0.36	0.32	0.50	0.46	0.40	0.85	0.81	0.62	0.71

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $202,697K ÷ $884,959K
= 0.23

Sitime Corporation's total asset turnover has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company generates revenue from its assets. From an initial figure of 0.71 on March 31, 2020, the ratio showed a general declining trend before reaching its lowest point of 0.15 on March 31, 2024. This decline indicates a decrease in the company's ability to generate sales from its assets efficiently.

However, there was a slight recovery in the total asset turnover in the subsequent periods, with a slight increase to 0.23 by December 31, 2024. It suggests that Sitime Corporation was able to improve its efficiency in utilizing its assets to generate revenue, although it still remains lower compared to the earlier periods.

Overall, the decreasing trend in total asset turnover from 0.71 to 0.15 followed by a slight increase to 0.23 indicates the company's varying levels of efficiency in generating sales from its assets. Further analysis of the company's operations and asset management strategies may be warranted to understand the factors contributing to these fluctuations.