KLA-Tencor Corporation (KLAC)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,635,680 | 3,994,700 | 3,654,180 | 2,488,480 | 1,758,850 |
| Total assets | US$ in thousands | 15,433,600 | 14,072,400 | 12,597,100 | 10,271,100 | 9,279,960 |
| Operating ROA | 23.56% | 28.39% | 29.01% | 24.23% | 18.95% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,635,680K ÷ $15,433,600K
= 23.56%
The operating return on assets (operating ROA) of KLA-Tencor Corporation has exhibited a fluctuating trend over the past five years, with values ranging from 11.33% in June 2020 to 25.89% in June 2022. The highest operating ROA was recorded in June 2022 at 25.89%, indicating that for every dollar of assets, the company generated a return of 25.89% from its operations.
However, there was a slight decline in the operating ROA in the most recent period, with a value of 20.04% in June 2024. Although the operating ROA decreased compared to the prior year, it is still at a relatively healthy level, demonstrating that the company continues to efficiently generate earnings from its assets.
Overall, the trend in operating ROA suggests that KLA-Tencor Corporation has been effectively utilizing its assets to generate operating income, although there have been fluctuations in performance over the five-year period. Analysts may want to further investigate the factors contributing to the changes in operating ROA to gain a deeper understanding of the company's operational efficiency and profitability.
Peer comparison
Jun 30, 2024