Synaptics Incorporated (SYNA)

Total asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	1,074,300	959,400	1,355,100	1,739,700	1,339,600
Total assets	US$ in thousands	2,584,400	2,825,000	2,611,400	2,858,100	2,226,800
Total asset turnover		0.42	0.34	0.52	0.61	0.60

June 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,074,300K ÷ $2,584,400K
= 0.42

The analysis of Synaptics Incorporated's total asset turnover ratio over the specified periods reveals notable fluctuations indicative of shifts in operational efficiency.

From June 30, 2021, to June 30, 2022, the ratio increased marginally from 0.60 to 0.61, suggesting a slight improvement in the company's ability to generate revenue from its assets. This upward trend, however, did not persist; subsequent fiscal years exhibited a declining pattern.

By June 30, 2023, the total asset turnover decreased to 0.52, reflecting a reduction in revenue efficiency relative to assets employed. This decline became more pronounced in the following year, with the ratio dropping sharply to 0.34 as of June 30, 2024. Such a significant decrease indicates a substantial decline in asset utilization efficiency, which could be attributable to various factors such as increasing asset base without commensurate revenue growth, changes in product lines, inventory build-ups, or shifts in sales strategies.

In the most recent period, ending June 30, 2025, the ratio experienced a partial recovery to 0.42, although it remained below the levels observed in 2021 and 2022. This suggests some improvement in asset utilization, yet the ratio has not returned to its earlier higher efficiencies, signaling potential ongoing challenges in asset management or revenue generation effectiveness.

Overall, the trend from 2021 through 2025 demonstrates a decline in total asset turnover, with a notable nadir in 2024, followed by modest recuperation. This pattern warrants further investigation into underlying operational and strategic factors influencing asset efficiency, as sustained low ratios can impact overall profitability and competitiveness.