Silicon Laboratories Inc (SLAB)

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	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	837,554	833,650	840,599	850,996
Total assets	US$ in thousands	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	1,674,850	1,637,180	1,602,940	1,621,930
Total asset turnover		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	0.50	0.51	0.52	0.52

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $782,258K ÷ $1,443,060K
= 0.54

Silicon Laboratories Inc's total asset turnover ratio has shown fluctuations over the past several quarters. The ratio indicates how efficiently the company is generating sales revenue relative to its total assets. A higher ratio generally implies better utilization of assets to generate revenue.

The trend in Silicon Laboratories Inc's total asset turnover ratio reveals variability, with values ranging from 0.18 to 0.67. The ratio has gradually improved from 0.18 in September 2021 to 0.67 in June 2023, indicating enhanced efficiency in generating sales from its assets during this period.

However, there are fluctuations in the ratio over the quarters, suggesting possible changes in the company's asset management strategies or revenue generation. The ratio dropped to 0.28 in March 2022, which may indicate a temporary decline in asset utilization efficiency.

Overall, Silicon Laboratories Inc's total asset turnover ratio has shown an upward trend, with some fluctuations, which could be a result of changes in business operations, market conditions, or strategic decisions. Further analysis of the company's asset management and revenue generation practices may provide insights into the factors driving these fluctuations.