KLA-Tencor Corporation (KLAC)
Return on total capital
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | — | 3,505,050 | 4,086,130 | 3,649,580 | 2,517,780 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,692,450 | 3,368,330 | 2,919,750 | 1,401,350 | 3,377,550 |
| Return on total capital | 0.00% | 104.06% | 139.95% | 260.43% | 74.54% |
June 30, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,692,450K)
= 0.00%
The return on total capital for KLA-Tencor Corporation has exhibited significant fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. On June 30, 2021, the return stood at 74.54%, indicating a substantial level of profitability relative to the company's total capital at that time. This figure surged markedly to 260.43% by June 30, 2022, representing an extraordinary increase in the efficiency with which the company leveraged its total capital to generate earnings.
However, this peak was followed by a notable decline, with the return decreasing to 139.95% as of June 30, 2023, suggesting that while the company's efficiency remained high, it was diminishing from its previous exceptional level. Continuing its downward trend, the return further declined to 104.06% by June 30, 2024, approaching a more moderate level of capital productivity, yet still substantially above the baseline of 74.54%.
The projection for June 30, 2025, indicates a return of 0.00%, implying a hypothetical scenario or possibly a cessation of operations, a significant change in capital structure, or a complete loss of profitability relative to total capital.
Overall, the data reflects initial strong capital efficiency and profitability, followed by peaks and subsequent declines, ultimately reaching a neutral point in the projected future. This pattern warrants further investigation into underlying factors such as changes in operational performance, capital structure adjustments, or market conditions affecting KLA-Tencor's financial health.
Peer comparison
Jun 30, 2025