KLA-Tencor Corporation (KLAC)
Inventory 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 4,751,870 | 4,518,635 | 4,306,114 | 4,061,400 | 3,860,861 | 3,849,755 | 3,891,936 | 4,123,980 | 4,218,319 | 4,233,934 | 4,120,675 | 3,820,047 | 3,592,441 | 3,386,118 | 3,203,656 | 2,965,227 | 2,772,165 | 2,621,468 | 2,501,997 | 2,465,882 |
Inventory | US$ in thousands | 3,212,150 | 3,155,780 | 3,046,340 | 3,109,840 | 3,034,780 | 3,007,050 | 3,038,630 | 3,007,700 | 2,876,780 | 2,749,740 | 2,535,380 | 2,408,320 | 2,146,890 | 1,982,300 | 1,829,410 | 1,715,340 | 1,575,380 | 1,450,590 | 1,420,620 | 1,394,220 |
Inventory turnover | 1.48 | 1.43 | 1.41 | 1.31 | 1.27 | 1.28 | 1.28 | 1.37 | 1.47 | 1.54 | 1.63 | 1.59 | 1.67 | 1.71 | 1.75 | 1.73 | 1.76 | 1.81 | 1.76 | 1.77 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,751,870K ÷ $3,212,150K
= 1.48
The inventory turnover ratio for KLA-Tencor Corporation has exhibited a general declining trend over the analyzed period from September 30, 2020, to June 30, 2025. Initially, the ratio was approximately 1.77 in September 2020, maintaining relatively stable levels around 1.75 during the subsequent quarters until the end of 2021. Throughout 2022, the ratio continued to decrease, reaching approximately 1.59 by September 2022. This downward trend persisted into 2023, with the ratio declining further to around 1.28 by March 2024. The ratio remained relatively flat through March and June 2024, then began to show slight improvement afterward, reaching approximately 1.48 by June 2025.
This pattern indicates a gradual decline in the frequency with which inventory is turned over within the company's financial periods. The decreasing trend suggests that inventory is being held longer on average, which may imply slower inventory movement or increased inventory levels. This could reflect shifts in inventory management efficiency, changes in product demand, or strategic inventory accumulation. The recent slight uptick in the ratio during 2024 and 2025 suggests a possible improvement in inventory turnover efficiency or adjustments in inventory levels.
Overall, the consistent decline over multiple periods points to potential areas for operational improvement concerning inventory management, with implications for working capital management and overall operational efficiency.
Peer comparison
Jun 30, 2025
Jun 30, 2025