KLA-Tencor Corporation (KLAC)
Working capital 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 current assets | US$ in thousands | 10,031,100 | 9,528,080 | 8,748,720 | 8,430,790 | 8,372,030 | 8,018,750 | 8,132,580 | 7,643,940 | 7,168,910 | 6,582,720 | 6,701,480 | 6,144,670 | 5,696,250 | 5,405,160 | 5,222,950 | 4,754,700 | 4,723,540 | 4,318,460 | 4,377,440 | 4,355,750 |
| Total current liabilities | US$ in thousands | 4,660,770 | 4,458,540 | 4,571,000 | 3,817,740 | 3,742,840 | 3,418,520 | 3,482,500 | 3,139,360 | 2,871,080 | 2,828,980 | 2,776,100 | 2,523,010 | 2,103,230 | 2,029,470 | 2,020,110 | 1,748,830 | 1,699,790 | 1,653,270 | 1,718,240 | 1,943,450 |
| Working capital turnover | 1.82 | 1.82 | 2.23 | 2.13 | 2.20 | 2.26 | 2.21 | 2.15 | 2.11 | 2.27 | 2.06 | 2.05 | 1.93 | 1.91 | 1.90 | 1.97 | 1.92 | 2.10 | 1.99 | 2.03 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $9,792,690K ÷ ($10,031,100K – $4,660,770K)
= 1.82
The working capital turnover ratio for KLA-Tencor Corporation has shown some volatility over the past several quarters, ranging from a low of 1.82 to a high of 2.27. The ratio measures how efficiently the company utilizes its working capital to generate sales revenue. A higher ratio indicates that the company is efficiently managing its working capital to generate sales.
Looking at the trend over the past few quarters, there seems to be some fluctuation in the working capital turnover ratio. In the most recent quarter, the ratio stood at 1.82, which is consistent with the same ratio recorded in the previous quarter.
Overall, the company's working capital turnover has shown some consistency around the 2.0 range, indicating that KLA-Tencor Corporation is effectively using its working capital to support sales activities. However, it may be beneficial for the company to further analyze the reasons behind the fluctuations in the ratio to ensure continued efficiency in working capital management.
Peer comparison
Jun 30, 2024
See also:
KLA-Tencor Corporation Working Capital Turnover (Quarterly Data)