Wolfspeed Inc (WOLF)

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	808,400	641,700	715,400	780,300	879,900	881,000	849,900	784,800	699,400	624,100	566,500	539,700	592,900	652,800	734,000	857,800	896,200	941,700	1,000,689	1,165,805
Total assets	US$ in thousands	7,984,600	7,696,200	7,290,200	7,312,800	6,586,700	5,454,700	5,342,900	3,858,500	3,917,500	3,752,700	3,216,900	3,248,800	3,446,800	3,507,700	3,124,900	3,123,300	3,231,000	2,737,900	2,782,800	2,796,600
Total asset turnover		0.10	0.08	0.10	0.11	0.13	0.16	0.16	0.20	0.18	0.17	0.18	0.17	0.17	0.19	0.23	0.27	0.28	0.34	0.36	0.42

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $808,400K ÷ $7,984,600K
= 0.10

The total asset turnover of Wolfspeed Inc has been fluctuating over the past few quarters, ranging from 0.08 to 0.42. This ratio indicates how efficiently the company is utilizing its assets to generate sales. A higher total asset turnover ratio is generally favorable as it implies that the company is generating more revenue per dollar of assets.

In the earlier periods, such as in 2019 and early 2020, the total asset turnover was relatively higher, indicating that the company was more efficient in utilizing its assets to generate revenue. However, there was a decline in this ratio in the subsequent quarters, reaching a low point of 0.08 in March 2024.

It is important for Wolfspeed Inc to closely monitor and potentially improve its total asset turnover to ensure that its assets are being effectively utilized to drive revenue growth. Efforts to increase sales or optimize asset utilization could help in enhancing this ratio and overall operational efficiency.