Lite Strategy (LITS) Asset Utilization Ratio (2017 - 2024)
Lite Strategy's Asset Utilization Ratio was 1.16 in fiscal Q4 2024 (quarter ended Jun 30, 2024), up 202.8% from 0.38 a year earlier and up 30.1% from the prior quarter.
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Analysis
Lite Strategy (LITS) Asset Utilization Ratio (2017 - 2024) Analysis & Trends
For FY2024 (ended Jun 30, 2024), Asset Utilization Ratio at Lite Strategy came in at 0.81, up 146.3% from FY2023.
- Asset Utilization Ratio has now increased for three consecutive fiscal years.
- In earlier fiscal years, Asset Utilization Ratio was 0.33 in FY2023 (+41.4%), 0.23 in FY2022 (+27.6%), 0.18 in FY2021 (-4.5%) and 0.19 in FY2020 (+261.8%).
- The fiscal Q4 2024 figure marks the highest quarterly Asset Utilization Ratio in data going back to fiscal Q4 2017.
- Compared with a year earlier, Asset Utilization Ratio has increased for nine straight quarters, with growth averaging 131.3% over the last eight quarters.
- The best year-over-year quarter for Asset Utilization Ratio over five years was fiscal Q3 2021 (growth of 508.3%); the worst was fiscal Q3 2022 (a decline of 32.9%).
- Per Business Quant data, LITS's Asset Utilization Ratio in the three fiscal quarters before Q4 2024 was 0.89 (Q3 2024), 0.81 (Q2 2024) and 0.95 (Q1 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,109.83 Bn | 1,078.42 Bn | 19.71 Bn | 0.62 |
| 2 | Johnson & Johnson | 610.61 Bn | 529.14 Bn | 17.26 Bn | 0.49 |
| 3 | AbbVie | 500.66 Bn | 473.77 Bn | 12.70 Bn | 0.47 |
| 4 | Merck | 354.64 Bn | 309.02 Bn | 12.21 Bn | 0.52 |
| 5 | Novartis Ag | 291.14 Bn | 255.13 Bn | 11.24 Bn | 0.46 |
| 6 | Astrazeneca | 254.18 Bn | 227.87 Bn | 12.86 Bn | 0.51 |
| 7 | Amgen | 229.46 Bn | 184.86 Bn | 7.24 Bn | 0.40 |
| 8 | Gilead Sciences | 190.33 Bn | 164.53 Bn | 6.22 Bn | 0.58 |
| 9 | Pfizer | 167.92 Bn | 114.57 Bn | 10.94 Bn | 0.31 |
| 10 | Lite Strategy | 40.09 Mn | 7.97 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 1.16 |
| Mar 31, 2024 | 0.89 |
| Dec 31, 2023 | 0.81 |
| Sep 30, 2023 | 0.95 |
| Jun 30, 2023 | 0.38 |
| Mar 31, 2023 | 0.42 |
| Dec 31, 2022 | 0.40 |
| Sep 30, 2022 | 0.24 |
| Jun 30, 2022 | 0.22 |
| Mar 31, 2022 | 0.18 |
| Dec 31, 2021 | 0.18 |
| Sep 30, 2021 | 0.20 |
| Jun 30, 2021 | 0.19 |
| Mar 31, 2021 | 0.27 |
| Dec 31, 2020 | 0.22 |
| Sep 30, 2020 | 0.16 |
| Jun 30, 2020 | 0.19 |
| Mar 31, 2020 | 0.04 |
| Dec 31, 2019 | 0.05 |
| Sep 30, 2019 | 0.07 |
API Access
Lite Strategy Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=LITS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "LITS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=LITS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();