KLA-Tencor Corporation (KLAC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,014,220 | 4,714,980 | 4,262,924 | 3,973,092 | 3,752,378 | 3,524,079 | 3,536,338 | 3,783,200 | 3,994,694 | 4,142,418 | 4,176,732 | 3,943,510 | 3,651,610 | 3,399,445 | 3,176,685 | 2,780,891 | 2,488,480 | 2,221,858 | 1,982,324 | 1,874,991 |
| Total assets | US$ in thousands | 16,067,900 | 15,188,300 | 15,001,700 | 15,681,700 | 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 |
| Operating ROA | 31.21% | 31.04% | 28.42% | 25.34% | 24.31% | 23.56% | 24.76% | 26.76% | 28.39% | 30.27% | 30.42% | 30.05% | 28.99% | 28.29% | 27.20% | 24.95% | 24.23% | 22.35% | 20.20% | 20.12% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,014,220K ÷ $16,067,900K
= 31.21%
The operating return on assets (ROA) for KLA-Tencor Corporation exhibits a generally positive trend over the analyzed period, with fluctuations reflecting shifts in operational efficiency. Starting from approximately 20.12% as of September 30, 2020, the operating ROA experienced a steady increase, reaching a peak of around 31.21% by June 30, 2025. The upward trajectory from late 2020 through mid-2023 indicates improved operational performance and effective utilization of assets to generate operating income.
From September 2020 to September 2023, the ROA demonstrates consistent growth, rising from approximately 20.12% to 26.76%, with notable accelerations in the period between December 2020 and December 2022, where the ROA surpasses 30%. This suggests that the company's operational efficiency improved significantly during this period, possibly due to favorable market conditions, enhanced product offerings, or cost management strategies.
However, starting in late 2023, the ROA shows signs of modest decline, decreasing from its previous highs to approximately 24.76% by December 2023 and further down to 23.56% in March 2024. Nonetheless, it resumes an upward trend thereafter, reaching around 28.42% in December 2024. The most recent data point indicates continued strengthening of operational efficiency, with the ROA attaining approximately 31.04% in March 2025 and slightly increasing to 31.21% by June 2025.
Overall, the company's operating ROA indicates a period of sustained operational improvement from 2020 through 2023, followed by a brief volatility, and then a renewed upward trajectory. This pattern suggests effective management and successful operational strategies, although short-term fluctuations could reflect cyclical or market-specific factors affecting asset utilization and operational income.
Peer comparison
Jun 30, 2025