Lam Research Corp (LRCX)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	14,900,550	14,053,900	14,128,670	15,638,080	17,234,970	18,659,460	18,857,280	17,817,060	17,041,560	16,545,730	16,327,040	15,546,390	14,410,590	13,061,100	11,727,660	10,866,340	9,863,970	9,435,650	9,382,630	9,349,500
Total assets	US$ in thousands	18,744,700	18,279,600	18,783,900	18,538,500	18,781,600	19,243,400	19,206,400	18,721,300	17,195,600	16,589,000	16,685,400	15,565,600	15,892,200	15,284,900	15,370,400	15,057,000	14,559,000	12,938,600	11,914,100	12,343,500
Total asset turnover		0.79	0.77	0.75	0.84	0.92	0.97	0.98	0.95	0.99	1.00	0.98	1.00	0.91	0.85	0.76	0.72	0.68	0.73	0.79	0.76

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,900,550K ÷ $18,744,700K
= 0.79

The total asset turnover of Lam Research Corp has shown some fluctuation over the past few quarters, ranging from 0.68 to 1.00. The total asset turnover ratio measures the efficiency of a company's ability to generate sales from its assets. A higher ratio indicates that the company is generating more revenue per dollar of assets.

In the most recent quarter, the total asset turnover was 0.79, which indicates that the company generated $0.79 in sales for every dollar of assets on its balance sheet. This suggests that Lam Research Corp is utilizing its assets effectively to generate revenue.

It is worth noting that there has been some variability in the total asset turnover ratio over the quarters, which could be due to changes in sales volume, asset utilization, or changes in the composition of the asset base. Overall, a consistent or increasing trend in the total asset turnover ratio is generally favorable as it indicates improved efficiency in utilizing assets to generate revenue.