KLA-Tencor Corporation (KLAC)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,761,900 | 3,387,280 | 3,321,810 | 2,078,290 | 1,216,780 |
| Total assets | US$ in thousands | 15,433,600 | 14,072,400 | 12,597,100 | 10,271,100 | 9,279,960 |
| ROA | 17.90% | 24.07% | 26.37% | 20.23% | 13.11% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $2,761,900K ÷ $15,433,600K
= 17.90%
The Return on Assets (ROA) for KLA-Tencor Corporation has exhibited fluctuating trends over the past five years. As of June 30, 2024, the ROA stands at 17.90%, representing a decrease from the previous year's level of 24.07%. Despite this decline, the ROA remains relatively strong, indicating that the company is generating a significant level of profit relative to its total assets.
Comparing the current ROA to historical data, we observe a declining trend since its peak in 2022 when it was 26.37%. This downward trend may suggest that the company's efficiency in generating profits from its assets has decreased over the past two years.
It is also important to note that while the current ROA is lower than previous years, it is still higher than the levels seen in 2020 and 2021, indicating an improvement from those periods.
Overall, the fluctuating ROA for KLA-Tencor Corporation suggests varying levels of asset utilization and profitability over the years, which may be influenced by factors such as changes in the business environment, operational efficiency, and strategic decisions made by the company.
Peer comparison
Jun 30, 2024