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Lattice Semiconductor (Lattice Semiconductor) Asset Turnover : 0.21 (As of Dec. 2023)


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What is Lattice Semiconductor Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Lattice Semiconductor's Revenue for the three months ended in Dec. 2023 was $170.6 Mil. Lattice Semiconductor's Total Assets for the quarter that ended in Dec. 2023 was $810.3 Mil. Therefore, Lattice Semiconductor's Asset Turnover for the quarter that ended in Dec. 2023 was 0.21.

Asset Turnover is linked to ROE % through Du Pont Formula. Lattice Semiconductor's annualized ROE % for the quarter that ended in Dec. 2023 was 59.90%. It is also linked to ROA % through Du Pont Formula. Lattice Semiconductor's annualized ROA % for the quarter that ended in Dec. 2023 was 48.73%.


Lattice Semiconductor Asset Turnover Historical Data

The historical data trend for Lattice Semiconductor's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lattice Semiconductor Asset Turnover Chart

Lattice Semiconductor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.63 0.73 0.87 0.90

Lattice Semiconductor Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.24 0.25 0.25 0.21

Competitive Comparison of Lattice Semiconductor's Asset Turnover

For the Semiconductors subindustry, Lattice Semiconductor's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lattice Semiconductor's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Lattice Semiconductor's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Lattice Semiconductor's Asset Turnover falls into.



Lattice Semiconductor Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Lattice Semiconductor's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=737.154/( (798.713+840.894)/ 2 )
=737.154/819.8035
=0.90

Lattice Semiconductor's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=170.596/( (779.622+840.894)/ 2 )
=170.596/810.258
=0.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Lattice Semiconductor  (NAS:LSCC) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Lattice Semiconductor's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=394.824/659.095
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(394.824 / 682.384)*(682.384 / 810.258)*(810.258/ 659.095)
=Net Margin %*Asset Turnover*Equity Multiplier
=57.86 %*0.8422*1.2293
=ROA %*Equity Multiplier
=48.73 %*1.2293
=59.90 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Lattice Semiconductor's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=394.824/810.258
=(Net Income / Revenue)*(Revenue / Total Assets)
=(394.824 / 682.384)*(682.384 / 810.258)
=Net Margin %*Asset Turnover
=57.86 %*0.8422
=48.73 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Lattice Semiconductor Asset Turnover Related Terms

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Lattice Semiconductor (Lattice Semiconductor) Business Description

Traded in Other Exchanges
Address
5555 NE Moore Court, Hillsboro, OR, USA, 97124-6421
Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets. Lattice's product lines consist of programmable logic devices, video connectivity application-specific standard products, and wave devices. Product offerings enable customers in the consumer market to build technology that utilizes more computing power, higher resolution video, and reduced energy consumption. Customers in the industrial and communication market are aided with data gathering, higher bandwidth, and increased reliability for their products. Lattice's products are offered globally; however, the majority of sales are derived from customers in Asia.
Executives
Robin Ann Abrams director 751 LINDEN AVE, LOS ALTOS CA 94022
James Robert Anderson director, officer: President & CEO 111 SW 5TH AVE, PORTLNAD OR 97204
Mark Jon Nelson officer: VP Corp, Sales 101 INNOVATION DRIVE, SAN JOSE CA 95134
Tracy Ann Feanny officer: VP Corp, General Counsel 3906 DRY CREEK DRIVE, AUSTIN TX 78731
Stephen Douglass officer: VP Corp, R&D 111 SW 5TH AVE. SUITE 700, PORTLAND X1 97204
Sherri R Luther officer: CVP, Chief Financial Officer 111 SW FIFTH AVE SUITE 700, PORTLAND OR 97204
Pravin Desale officer: SVP, R&D 3309 PATINA COURT, SAN JOSE CA 95135
David Jeffrey Richardson director LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Glenn O'rourke director, officer: VP Corp, Mfg Ops, other: VP Corp, Mfg Ops 1156 ROSEMONT ROAD, WEST LINN OR 97068
Mark Edwin Jensen director 6303 SNOWBERRY LANE, NIWOT CO 80503
Elizabeth M Schwarting director 3101 JAY STREET, SANTA CLARA CA 95054
Douglas R Bettinger director C/O LAM RESEARCH CORPORATION, 4650 CUSHING PARKWAY, FREMONT CA 94538
Raejeanne Skillern director 16852 ALDER CIRCLE, LAKE OSWEGO OR 97034
Krishna Rangasayee director 2100 LOGIC DR., SAN JOSE CA 95124
Esam Elashmawi officer: VP Corp, Mktg & Strategy 111 SW 5TH AVE. SUITE 700, PORTLAND OR 97204