Semtech Corporation (SMTC)

Total asset turnover

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020
Revenue	US$ in thousands	772,240	763,171	735,908	589,413	538,320
Total assets	US$ in thousands	1,373,740	2,569,630	1,130,910	1,082,100	1,052,430
Total asset turnover		0.56	0.30	0.65	0.54	0.51

January 28, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $772,240K ÷ $1,373,740K
= 0.56

The total asset turnover ratio measures the efficiency of Semtech Corporation in generating revenue from its total assets. The trend analysis reveals fluctuations in the ratio over the past five years. In January 2022, the company experienced a significant increase in total asset turnover, reaching 0.65, indicating improved efficiency in asset utilization compared to the previous year. However, this improvement was not sustained as the ratio decreased to 0.54 in January 2021. Nevertheless, the company managed to bounce back in January 2023, achieving a higher total asset turnover of 0.30 compared to the previous year. The most recent data from January 2024 shows a considerable improvement in asset utilization, with a total asset turnover of 0.56, indicating a positive trend in leveraging assets to generate revenue. Overall, it is evident that Semtech Corporation has been able to effectively manage its assets to generate revenue, with some fluctuations observed in recent years.