KLA-Tencor Corporation (KLAC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,761,896 | 2,610,104 | 2,706,400 | 3,102,661 | 3,387,276 | 3,507,996 | 3,540,731 | 3,279,380 | 3,321,810 | 3,149,414 | 2,986,338 | 2,726,145 | 2,078,292 | 1,856,567 | 1,367,523 | 1,290,827 | 1,216,785 | 1,023,377 | 1,137,653 | 1,126,198 |
| 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 |
| ROA | 17.90% | 17.45% | 18.95% | 21.95% | 24.07% | 25.64% | 25.79% | 24.99% | 26.37% | 26.21% | 25.57% | 24.46% | 20.23% | 18.68% | 13.93% | 13.85% | 13.11% | 11.57% | 12.30% | 12.20% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,761,896K ÷ $15,433,600K
= 17.90%
Over the past several quarters, KLA-Tencor Corporation has shown a fluctuating trend in its return on assets (ROA) ratio. The ROA indicates how efficiently the company is utilizing its assets to generate profits.
From December 2019 to March 2020, the company's ROA remained relatively stable around the 12% mark. However, there was a slight increase in the ROA in the following quarters, with a significant jump to 24.07% by June 2023. This suggests that the company was effectively leveraging its assets to generate higher profits during this period.
Subsequently, the ROA continued to increase, reaching a peak of 26.37% by June 2022. This indicates that the company was able to further improve its profitability relative to its asset base. However, there was a slight dip in the ROA in subsequent quarters, with fluctuations observed between 17% and 19% from December 2022 to June 2024.
Overall, despite the fluctuations in the ROA, KLA-Tencor Corporation has generally shown an ability to generate solid returns on its assets in recent years. The company's performance in efficiently utilizing its assets to drive profitability should continue to be monitored to assess its operational effectiveness and financial health.
Peer comparison
Jun 30, 2024
See also:
KLA-Tencor Corporation Return on Assets (ROA) (Quarterly Data)