Lam Research Corp (LRCX)

Total asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	18,435,600	14,905,400	17,428,500	17,227,000	14,626,200
Total assets	US$ in thousands	21,345,300	18,744,700	18,781,600	17,195,600	15,892,200
Total asset turnover		0.86	0.80	0.93	1.00	0.92

June 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $18,435,600K ÷ $21,345,300K
= 0.86

The total asset turnover ratio for Lam Research Corp demonstrates fluctuations over the specified period from June 30, 2021, to June 30, 2025. At the end of the fiscal year 2021, the ratio stood at 0.92, indicating that the company generated approximately $0.92 in revenue for every dollar of assets. This ratio increased to 1.00 in 2022, reflecting a more efficient utilization of assets in generating sales, reaching or surpassing a one-to-one correspondence, which signifies improved operational efficiency.

However, in 2023, the ratio declined slightly to 0.93, suggesting a marginal reduction in asset utilization efficiency relative to the prior year. The downward trend continued into 2024, with the ratio decreasing more substantially to 0.80, implying a less effective use of assets in generating revenue during that period. Despite this decline, a partial recovery was observed in 2025, with the ratio rising again to 0.86, indicating a modest improvement in asset utilization compared to the previous year.

Overall, the total asset turnover ratio exhibits some variability within this timeframe, with the highest efficiency observed in 2022 and the lowest in 2024. These fluctuations may reflect changes in operational strategies, asset management, or shifts in market conditions affecting asset utilization efficiency across the years.