KLA-Tencor Corporation (KLAC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,065,789 | 2,569,447 | 2,680,663 | 3,151,953 | 3,361,913 | 3,612,227 | 3,706,085 | 3,510,671 | 3,260,497 | 3,540,135 | 3,316,608 | 2,918,220 | 2,653,804 | 2,338,623 | 1,816,421 | 1,706,184 | 1,559,953 | 1,387,554 | 1,519,800 | 1,559,545 |
| Total assets | US$ in thousands | 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 | 9,279,960 | 8,845,950 | 9,250,720 | 9,229,400 |
| Operating ROA | 19.86% | 17.18% | 18.77% | 22.30% | 23.89% | 26.40% | 26.99% | 26.75% | 25.88% | 29.46% | 28.40% | 26.18% | 25.84% | 23.53% | 18.51% | 18.31% | 16.81% | 15.69% | 16.43% | 16.90% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,065,789K ÷ $15,433,600K
= 19.86%
The operating return on assets (operating ROA) for KLA-Tencor Corporation has exhibited fluctuations over the past several quarters. The operating ROA ranged from a low of 15.69% in the fourth quarter of 2019 to a high of 29.46% in the first quarter of 2022.
On average, KLA-Tencor's operating ROA appears to be relatively healthy, indicating the company's ability to generate operating profits from its assets. The operating ROA was consistently above 20% for the majority of the quarters, pointing towards efficient asset utilization and strong operating performance.
However, there was a slight downward trend in operating ROA in the most recent quarters, with a decrease from 26.99% in the first quarter of 2023 to 19.86% in the second quarter of 2024. This may warrant further investigation into the company's operational efficiency and profitability drivers to ensure sustained performance.
Overall, while KLA-Tencor Corporation has demonstrated strong operating ROA levels historically, recent fluctuations highlight the importance of ongoing monitoring and analysis to ensure continued financial strength and performance.
Peer comparison
Jun 30, 2024