KLA-Tencor Corporation (KLAC)
Total 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 |
| Total assets | US$ in thousands | 15,433,600 | 14,957,300 | 14,280,500 | 14,136,800 | 14,072,400 | 13,683,500 | 13,729,100 | 13,123,700 | 12,597,100 | 12,017,800 | 11,680,200 | 11,146,500 | 10,271,100 | 9,939,240 | 9,814,640 | 9,320,100 | 9,279,960 | 8,845,950 | 9,250,720 | 9,229,400 |
| Total asset turnover | 0.63 | 0.62 | 0.65 | 0.69 | 0.72 | 0.76 | 0.75 | 0.74 | 0.72 | 0.71 | 0.69 | 0.66 | 0.67 | 0.65 | 0.62 | 0.64 | 0.63 | 0.63 | 0.57 | 0.53 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,792,690K ÷ $15,433,600K
= 0.63
The total asset turnover ratio for KLA-Tencor Corporation has exhibited some fluctuations over the periods analyzed. The ratio has generally ranged between 0.53 and 0.76, with the highest value recorded in March 2023 and the lowest in September 2019.
A total asset turnover below 1 indicates that the company generates less in revenue relative to its total assets, suggesting that it may not be efficiently utilizing its assets to generate sales. Despite some variability, the ratio has generally been in the range of 0.62 to 0.76, implying that KLA-Tencor has been able to effectively generate revenue from its assets during most of the period analyzed.
However, it is essential to investigate the underlying reasons for the fluctuations in the total asset turnover ratio to assess whether they are driven by changes in sales, asset efficiency, or a combination of factors within the company. A sustained improvement in the total asset turnover ratio may indicate enhanced asset utilization efficiency, leading to increased sales generation from the company's assets.
Peer comparison
Jun 30, 2024
See also:
KLA-Tencor Corporation Total Asset Turnover (Quarterly Data)