KLA-Tencor Corporation (KLAC)
Fixed 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 | 9,792,690 | 9,232,070 | 9,316,300 | 9,824,430 | 10,177,080 | 10,400,340 | 10,289,440 | 9,683,830 | 9,048,400 | 8,523,660 | 8,074,250 | 7,410,080 | 6,918,730 | 6,452,850 | 6,073,040 | 5,931,620 | 5,806,410 | 5,605,260 | 5,278,610 | 4,889,060 |
| Property, plant and equipment | US$ in thousands | 1,109,970 | 1,106,280 | 1,088,820 | 1,059,920 | 1,031,840 | 984,271 | 964,813 | 913,002 | 849,929 | 808,874 | 717,178 | 698,547 | 663,027 | 628,438 | 594,185 | 561,852 | 519,824 | 497,743 | 489,980 | 475,210 |
| Fixed asset turnover | 8.82 | 8.35 | 8.56 | 9.27 | 9.86 | 10.57 | 10.66 | 10.61 | 10.65 | 10.54 | 11.26 | 10.61 | 10.44 | 10.27 | 10.22 | 10.56 | 11.17 | 11.26 | 10.77 | 10.29 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,792,690K ÷ $1,109,970K
= 8.82
The fixed asset turnover ratio of KLA-Tencor Corporation has been relatively stable and consistently high over the past few quarters, indicating the company's efficiency in generating revenue from its investment in fixed assets. The ratio has ranged from 8.35 to 11.26, with an average of around 10.5.
A higher fixed asset turnover ratio typically suggests that the company is effectively utilizing its fixed assets to generate revenue. KLA-Tencor's consistent high ratio indicates that the company has been able to efficiently use its fixed assets, such as manufacturing equipment and property, to generate sales.
This trend is positive as it shows that KLA-Tencor is maximizing the productivity of its fixed assets, which could lead to improved profitability and return on investment. However, it is essential for the company to continue monitoring and maintaining its asset utilization efficiency to sustain its strong performance in the long term.
Peer comparison
Jun 30, 2024
See also:
KLA-Tencor Corporation Net Fixed Asset Turnover (Quarterly Data)