Silicon Laboratories Inc (SLAB)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 584,386 | 782,258 | 1,024,110 | 720,860 | 510,928 |
| Total assets | US$ in thousands | 1,222,670 | 1,443,060 | 2,169,430 | 2,958,300 | 1,993,490 |
| Total asset turnover | 0.48 | 0.54 | 0.47 | 0.24 | 0.26 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $584,386K ÷ $1,222,670K
= 0.48
Silicon Laboratories Inc's total asset turnover has shown fluctuating trends over the years. In December 2020 and 2021, the company's total asset turnover was 0.26 and 0.24 respectively, indicating that for every dollar of total assets, the company generated 0.26 and 0.24 dollars of sales.
However, there was a significant improvement in performance in 2022, with the total asset turnover increasing to 0.47. This suggests that the company was able to generate more sales relative to its total assets, indicating improved efficiency in asset utilization.
In 2023, the total asset turnover increased further to 0.54, reaching its highest level in the provided data. This indicates that Silicon Laboratories Inc effectively utilized its assets to generate sales, showing strong operational efficiency.
Despite a slight decrease in 2024 to 0.48, the total asset turnover remained relatively high compared to the earlier years, indicating continued efficiency in asset utilization.
Overall, the fluctuating total asset turnover of Silicon Laboratories Inc suggests varying degrees of efficiency in utilizing its assets to generate sales over the years.
Peer comparison
Dec 31, 2024