KLA-Tencor Corporation (KLAC)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,156,200 | 9,812,250 | 10,496,100 | 9,211,880 | 6,918,730 |
| Total current assets | US$ in thousands | 10,698,800 | 10,031,100 | 8,372,030 | 7,168,910 | 5,696,250 |
| Total current liabilities | US$ in thousands | 4,085,800 | 4,660,770 | 3,742,840 | 2,871,080 | 2,103,230 |
| Working capital turnover | 1.84 | 1.83 | 2.27 | 2.14 | 1.93 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,156,200K ÷ ($10,698,800K – $4,085,800K)
= 1.84
The working capital turnover ratio for KLA-Tencor Corporation has exhibited fluctuations over the analyzed period from June 30, 2021, to June 30, 2025.
In 2021, the ratio stood at 1.93, indicating the company's level of sales generated per dollar of working capital was relatively moderate. By 2022, an increase to 2.14 was observed, reflecting an improvement in the efficiency of utilizing working capital to generate sales. This upward trend continued into 2023, with the ratio reaching 2.27, suggesting enhanced operational effectiveness in managing working capital relative to sales performance.
However, a reversal of this improvement is apparent in subsequent periods. By June 30, 2024, the ratio declined to 1.83, indicating a decrease in working capital efficiency. The ratio maintained a similar level in 2025, at 1.84, suggesting stability but at a lower level compared to the peaks seen in 2022 and 2023.
Overall, the trend indicates that KLA-Tencor experienced a period of increased operational efficiency in utilizing working capital to generate sales between 2021 and 2023, followed by a downturn in this efficiency in 2024 and 2025. This shift could be attributed to various factors such as changes in inventory management, receivables, or payables dynamics, or broader strategic or market conditions affecting the company's operations.
Peer comparison
Jun 30, 2025