Skyworks Solutions Inc (SWKS)

Total asset turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	4,178,000	4,371,800	4,537,500	4,644,600	4,772,400	4,912,600	5,074,000	5,256,500	5,437,600	5,376,100	5,259,900	5,096,100	5,095,700	4,755,000	4,375,400	3,969,700	3,355,800	3,226,400	3,256,600	3,300,900
Total assets	US$ in thousands	8,283,300	8,236,400	8,309,700	8,229,100	8,426,700	8,464,100	8,841,700	8,947,400	8,873,800	8,694,600	8,511,600	8,618,500	8,590,700	7,486,200	5,734,400	5,419,800	5,106,700	5,072,400	4,981,900	5,091,800
Total asset turnover		0.50	0.53	0.55	0.56	0.57	0.58	0.57	0.59	0.61	0.62	0.62	0.59	0.59	0.64	0.76	0.73	0.66	0.64	0.65	0.65

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,178,000K ÷ $8,283,300K
= 0.50

Total asset turnover indicates how efficiently a company utilizes its assets to generate sales revenue. In the case of Skyworks Solutions Inc, the total asset turnover has exhibited a fluctuating trend over the past eight quarters, with values ranging from 0.50 to 0.76.

The ratio peaked at 0.76 in March 2021, indicating that the company generated $0.76 in revenues for every dollar of assets during that period. However, this high level was not sustained, as the total asset turnover subsequently decreased to 0.50 in September 2024.

Overall, while there have been fluctuations, the general trend suggests that Skyworks Solutions Inc has been able to efficiently generate sales relative to its total assets, although there may be room for improvement to maintain or increase the efficiency of asset utilization in the future.