KLA-Tencor Corporation (KLAC)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,156,160 | 11,547,650 | 10,840,010 | 10,249,890 | 9,805,310 | 9,594,220 | 9,671,440 | 10,168,600 | 10,496,060 | 10,627,660 | 10,483,730 | 9,852,470 | 9,211,890 | 8,650,620 | 8,165,710 | 7,463,950 | 6,918,730 | 6,452,850 | 6,073,040 | 5,931,620 |
| Total current assets | US$ in thousands | 10,698,800 | 9,945,020 | 9,772,600 | 10,228,400 | 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 |
| Total current liabilities | US$ in thousands | 4,085,800 | 3,909,930 | 4,138,260 | 4,798,210 | 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 |
| Working capital turnover | 1.84 | 1.91 | 1.92 | 1.89 | 1.83 | 1.89 | 2.32 | 2.20 | 2.27 | 2.31 | 2.25 | 2.19 | 2.14 | 2.30 | 2.08 | 2.06 | 1.93 | 1.91 | 1.90 | 1.97 |
June 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,156,160K ÷ ($10,698,800K – $4,085,800K)
= 1.84
The working capital turnover ratio for KLA-Tencor Corporation demonstrates a generally stable pattern over the analyzed period, with fluctuations indicating variations in operational efficiency and management of current assets and liabilities.
Beginning with a ratio of 1.97 as of September 30, 2020, the ratio slightly declined to 1.90 by December 31, 2020. It exhibited a marginal increase through subsequent quarters, reaching 2.06 by September 30, 2021, and continued upward trend into 2022, peaking at 2.30 on March 31, 2022. This indicates an improvement in utilizing working capital to generate sales amid that period.
However, the ratio declined modestly thereafter, decreasing to 2.14 by June 30, 2022, before rebounding to 2.25 at the end of 2022 and further to 2.31 by March 31, 2023. The ratio then remained relatively stable around 2.20–2.27 through September 2023, suggesting consistent operational efficiency.
In the most recent data, the ratio shows a slight downward trend, reaching 1.84 as of June 30, 2025. This decline may denote a reduction in the efficiency with which working capital is employed relative to sales or possible shifts in the company’s liquidity or operational structure.
Overall, the working capital turnover ratio has maintained an average within generally favorable bounds, indicating that KLA-Tencor has been effective at utilizing its working capital to support sales activities consistently. The minor fluctuations align with typical operational cycles and strategic shifts; the recent decreasing trend warrants monitoring but does not presently signal significant concern.
Peer comparison
Jun 30, 2025
See also:
KLA-Tencor Corporation Working Capital Turnover (Quarterly Data)