Semtech Corporation (SMTC)

Total 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
Total assets	US$ in thousands	1,419,300	1,379,000	1,368,000	1,376,510	1,373,740	1,373,740	2,038,130	2,038,130	2,118,600	2,118,600	2,500,020	2,569,630	2,569,630	1,466,850	1,466,850	1,199,830	1,115,920	1,115,920	1,130,910	1,130,910
Total asset turnover		0.64	0.62	0.57	0.56	0.54	0.57	0.41	0.42	0.40	0.37	0.30	0.27	0.28	0.52	0.54	0.67	0.70	0.70	0.67	0.67

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $909,285K ÷ $1,419,300K
= 0.64

The total asset turnover for Semtech Corporation has fluctuated over the time period provided in the data. The ratio measures the efficiency with which the company generates sales revenue in relation to its total assets.

In January 2022, the total asset turnover was consistent at 0.67, indicating that the company was generating sales in line with its asset base. By April 2022, there was a slight improvement to 0.70, suggesting an increased efficiency in asset utilization.

However, there was a notable decline in total asset turnover by October 2022 and January 2023, dropping to 0.52 and 0.27, respectively. This indicates a decrease in sales generated per unit of total assets during that period.

From April 2023 onwards, there was a gradual improvement in the total asset turnover, reaching 0.64 in January 2025. This suggests that the company was able to generate more sales revenue relative to its total asset base.

Overall, fluctuations in the total asset turnover ratio for Semtech Corporation indicate changes in the company's efficiency in generating sales revenue in relation to its asset investments over the time period analyzed.