Viavi Solutions Inc (VIAV)

Total asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	1,000,400	1,106,100	1,292,400	1,198,900	1,136,300
Total assets	US$ in thousands	1,736,300	1,850,500	1,827,900	1,961,400	1,776,300
Total asset turnover		0.58	0.60	0.71	0.61	0.64

June 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,000,400K ÷ $1,736,300K
= 0.58

Viavi Solutions Inc's total asset turnover has displayed fluctuations over the past five years. The ratio has declined from 0.64 in 2020 to 0.58 in 2024, indicating that the company generated $0.58 in revenue for every dollar of assets during the most recent period. This trend suggests a decrease in the efficiency of utilizing assets to generate sales.

However, it is noted that the total asset turnover ratio was at its peak in 2022 at 0.71, indicating that the company was able to generate more revenue per dollar of assets during that year. This suggests a higher level of asset utilization efficiency in 2022 compared to the other years within the period under review.

Overall, the fluctuating total asset turnover ratios for Viavi Solutions Inc indicate varying levels of efficiency in utilizing its assets to generate revenue over the past five years. Further analysis of the company's operational and financial strategies may be necessary to understand the factors influencing these fluctuations.