KLA-Tencor Corporation (KLAC)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,812,250 | 10,496,100 | 9,211,880 | 6,918,730 | 5,806,420 |
| Total assets | US$ in thousands | 15,433,600 | 14,072,400 | 12,597,100 | 10,271,100 | 9,279,960 |
| Total asset turnover | 0.64 | 0.75 | 0.73 | 0.67 | 0.63 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,812,250K ÷ $15,433,600K
= 0.64
The total asset turnover ratio of KLA-Tencor Corporation has shown a fluctuating trend over the past five years, with values ranging from 0.63 to 0.73. In the most recent fiscal year, ending on June 30, 2024, the total asset turnover ratio stood at 0.64, indicating that the company generated $0.64 in revenue for every dollar of assets held.
A decreasing trend in total asset turnover from 0.73 in 2023 to 0.64 in 2024 may suggest that the company's efficiency in utilizing its assets to generate sales has declined slightly. However, it is important to note that asset turnover ratios can vary by industry and company size, making direct comparisons with industry averages necessary for a more accurate assessment of performance.
Further analysis would be required to determine the specific factors influencing the changes in KLA-Tencor's total asset turnover ratio and assess its overall effectiveness in managing and utilizing its assets efficiently to drive revenue generation.
Peer comparison
Jun 30, 2024