Semtech Corporation (SMTC)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Revenue (ttm)	US$ in thousands	909,285	851,233	783,447	768,991	735,256	780,680	825,893	861,533	856,675	777,728	741,094	681,058	722,800	764,726	789,257	803,304	782,799	776,380	758,224	752,678
Property, plant and equipment	US$ in thousands	—	—	—	—	—	153,618	—	158,834	192,214	161,329	165,341	—	169,293	153,734	135,571	153,454	133,590	152,692	134,940	134,940
Fixed asset turnover		—	—	—	—	—	5.08	—	5.42	4.46	4.82	4.48	—	4.27	4.97	5.82	5.23	5.86	5.08	5.62	5.58

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $909,285K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of fixed assets.

In the case of Semtech Corporation, the fixed asset turnover ratio has fluctuated over the past few years. It ranged from a low of 4.27 to a high of 5.86, with an average around 5.20. This suggests that Semtech has been relatively efficient in utilizing its fixed assets to generate revenue during the period covered by the data.

It is important to note that there are missing data points, where the fixed asset turnover ratio was not provided for certain periods. This could be due to various reasons such as changes in reporting practices or data availability.

Overall, the trend in Semtech's fixed asset turnover ratio indicates that the company has been effectively utilizing its fixed assets to generate revenue, although further analysis would be needed to fully understand the factors contributing to the fluctuations in the ratio.