Synaptics Incorporated (SYNA)

Total asset turnover

		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	Sep 30, 2019
Revenue (ttm)	US$ in thousands	894,300	872,400	962,300	1,082,700	1,299,300	1,559,400	1,709,700	1,780,700	1,705,000	1,548,600	1,408,800	1,350,000	1,311,600	1,386,300	1,388,600	1,419,300	1,430,800	1,330,700	1,336,600	1,373,800
Total assets	US$ in thousands	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	1,693,800	1,481,100	1,457,200	1,424,300
Total asset turnover		0.32	0.34	0.37	0.42	0.50	0.57	0.63	0.63	0.60	0.57	0.55	0.76	0.59	0.64	0.77	0.80	0.84	0.90	0.92	0.96

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $894,300K ÷ $2,825,000K
= 0.32

Total asset turnover is a key ratio used to measure a company's efficiency in generating sales from its assets. Synaptics Incorporated's total asset turnover has fluctuated over the past few quarters. In the most recent quarter, the total asset turnover was 0.32, indicating that the company generated $0.32 in sales for every $1 of total assets. This ratio has been decreasing from previous quarters, where it reached its peak at 0.96 in the fourth quarter of 2019.

The declining trend in total asset turnover may suggest that Synaptics is becoming less efficient in utilizing its assets to generate revenue. Investors and analysts may want to further investigate the reasons behind this trend to determine if there are any underlying operational inefficiencies or changes in the business that may be impacting the company's performance.