Viavi Solutions Inc (VIAV)

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	1,000,400	1,012,000	1,013,800	1,043,800	1,106,100	1,177,800	1,245,500	1,275,800	1,292,400	1,268,000	1,255,900	1,241,000	1,198,900	1,154,600	1,107,400	1,121,200	1,136,300	1,159,400	1,168,400	1,161,600
Total assets	US$ in thousands	1,736,300	1,744,000	1,856,200	1,802,100	1,850,500	1,917,400	1,828,000	1,765,100	1,827,900	1,878,000	2,019,600	2,169,500	1,961,400	1,926,800	1,915,200	1,824,400	1,776,300	1,778,200	1,859,700	1,807,700
Total asset turnover		0.58	0.58	0.55	0.58	0.60	0.61	0.68	0.72	0.71	0.68	0.62	0.57	0.61	0.60	0.58	0.61	0.64	0.65	0.63	0.64

June 30, 2024 calculation

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

The total asset turnover of Viavi Solutions Inc has shown some fluctuations over the past few quarters. The ratio measures how effectively the company is generating revenue from its assets.

From December 2019 to March 2020, the total asset turnover ratio decreased from 0.63 to 0.58, indicating a decline in the company's ability to generate sales from its assets. However, there was a slight increase from March 2020 to June 2020 to 0.61, suggesting some improvement in asset utilization.

The ratio continued to fluctuate between 0.58 and 0.68 from June 2020 to March 2023. The lower ratios indicate the company may be experiencing challenges in efficiently utilizing its assets to generate revenue. It peaked at 0.72 in September 2022, indicating a higher level of asset efficiency during that period.

Overall, Viavi Solutions Inc's total asset turnover has shown variability over the historical period analyzed, with fluctuations in the company's ability to generate sales from its assets. Further analysis of the company's operating and financial performance may help to understand the drivers behind these fluctuations and their implications for the company's overall financial health.