Semtech Corporation (SMTC)
Total asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 909,287 | 868,758 | 772,240 | 756,533 | 763,171 |
| Total assets | US$ in thousands | 1,419,260 | 1,373,740 | 1,373,740 | 2,569,630 | 2,569,630 |
| Total asset turnover | 0.64 | 0.63 | 0.56 | 0.29 | 0.30 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $909,287K ÷ $1,419,260K
= 0.64
The total asset turnover ratio for Semtech Corporation has shown an increasing trend over the years, indicating improved efficiency in generating sales from its total assets. In January 2023, the total asset turnover was 0.30, which slightly decreased to 0.29 by January 31, 2023. However, there was a significant improvement in efficiency as the ratio increased to 0.56 by January 28, 2024, and further to 0.63 by January 31, 2024. By January 31, 2025, the total asset turnover reached 0.64, highlighting the company's ability to generate more sales relative to its total assets. This upward trend suggests that Semtech Corporation has been effectively utilizing its assets to drive revenue growth.
Peer comparison
Jan 31, 2025