Viavi Solutions Inc (VIAV)

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 1,084,300 1,045,800 1,007,000 990,700 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
Total assets US$ in thousands 1,993,800 1,933,200 1,725,100 1,737,600 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
Total asset turnover 0.54 0.54 0.58 0.57 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

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,084,300K ÷ $1,993,800K
= 0.54

The total asset turnover ratio for Viavi Solutions Inc. exhibits a pattern of marginal fluctuation over the analyzed period from September 2020 through June 2025. Initially, the ratio decreased slightly from 0.61 in September 2020 to 0.58 by December 2020, indicating a modest reduction in sales generated per dollar of assets. Throughout 2021, the ratio demonstrated slight variations, ranging between 0.57 and 0.62, with an overall stabilization near the 0.60 level.

In 2022, the ratio experienced a more noticeable increase, reaching a peak of 0.72 in September 2022. This suggests an improvement in asset utilization, where the company generated more sales per dollar of assets. The trend post-September 2022, however, shows a decline back to approximately 0.68 in December 2022, followed by a gradual decrease to around 0.58 by March 2023, indicating a reduction in asset efficiency.

From March 2023 onward, the ratio remains relatively stable, fluctuating narrowly around 0.57 to 0.60. Notably, from December 2023 through June 2025, the ratio stabilizes around 0.54 to 0.58, reflecting a consistent but lower level of asset turnover compared to the earlier high in 2022.

Overall, the ratios suggest that Viavi Solutions Inc. experienced periods of improved asset utilization, particularly in mid-2022, followed by a trend of stabilization at lower levels. This pattern may reflect changes in operational efficiency, strategic shifts, or market conditions influencing the company's ability to generate sales relative to its asset base.