Silicon Laboratories Inc (SLAB)

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	584,386	504,982	542,347	641,846	782,258	952,738	1,018,795	1,037,079	1,024,106	975,461	890,475	796,817	720,860	658,009	605,909	550,767	607,787	681,396	771,959	864,318
Total assets	US$ in thousands	1,222,670	1,249,240	1,249,990	1,344,150	1,443,060	1,475,060	1,518,800	2,161,450	2,169,430	2,336,300	2,419,400	2,843,760	2,958,300	3,639,500	1,896,000	1,870,620	1,993,490	1,943,080	1,923,710	1,971,080
Total asset turnover		0.48	0.40	0.43	0.48	0.54	0.65	0.67	0.48	0.47	0.42	0.37	0.28	0.24	0.18	0.32	0.29	0.30	0.35	0.40	0.44

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $584,386K ÷ $1,222,670K
= 0.48

Total asset turnover measures how efficiently the company generates sales revenue from its assets. Silicon Laboratories Inc's total asset turnover has fluctuated over the past few years, starting at 0.44 in March 2020 and reaching a low of 0.18 in September 2021. The ratio improved in the subsequent periods, peaking at 0.67 in June 2023 before stabilizing around the range of 0.40 to 0.48 in the last few quarters.

The increasing trend from 2021 to 2023 indicates that the company was utilizing its assets more effectively to generate sales. However, the slight decline towards the end of 2023 and into 2024 may suggest a slowdown in asset utilization efficiency. Overall, Silicon Laboratories Inc's total asset turnover has shown fluctuations but generally demonstrates a moderate level of effectiveness in generating sales from its assets.