Synaptics Incorporated (SYNA)

Total asset turnover

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	1,074,300	1,038,900	1,009,600	979,400	959,400	939,300	1,028,600	1,144,700	1,355,100	1,604,200	1,747,700	1,815,100	1,739,700	1,591,100	1,446,800	1,383,900	1,339,600	1,289,400	1,291,700	1,322,400
Total assets	US$ in thousands	2,584,400	2,554,300	2,527,500	2,791,200	2,825,000	2,539,700	2,573,300	2,548,700	2,611,400	2,714,700	2,725,300	2,824,800	2,858,100	2,698,000	2,567,400	1,782,200	2,226,800	2,181,000	1,792,200	1,774,900
Total asset turnover		0.42	0.41	0.40	0.35	0.34	0.37	0.40	0.45	0.52	0.59	0.64	0.64	0.61	0.59	0.56	0.78	0.60	0.59	0.72	0.75

June 30, 2025 calculation

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

The total asset turnover ratio of Synaptics Incorporated demonstrates a declining trend over the examined period. Initially, the ratio was relatively higher, at 0.75 as of September 30, 2020, indicating that the company generated approximately 75 cents of revenue per dollar of total assets. Over the subsequent quarters, this ratio exhibited variability but generally moved downward, reaching its lowest point of 0.34 on June 30, 2024.

Throughout the period, there was a noticeable pattern of fluctuation, with some temporary upticks, such as at September 30, 2021, when the ratio increased to 0.78, suggesting improved asset efficiency during that timeframe. However, this was followed by a consistent downward trend, culminating in the ratio dropping to 0.35 by September 30, 2024. Slight recoveries are observed afterward, with ratios edging upward to around 0.42 by June 30, 2025.

This overall decline indicates a reduced efficiency in utilizing total assets to generate revenue over time. Factors contributing to this trend could include increases in asset base without proportional revenue growth, operational inefficiencies, or strategic shifts affecting asset utilization. The persistent decrease in the ratio suggests that Synaptics Incorporated has experienced challenges in maintaining asset productivity, impacting its overall operational effectiveness.