Lam Research Corp (LRCX)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,263,910 | 3,991,955 | 3,877,098 | 4,500,048 | 5,174,858 | 5,799,603 | 6,049,450 | 5,707,430 | 5,381,820 | 5,218,400 | 5,221,610 | 4,893,190 | 4,482,024 | 3,921,816 | 3,420,620 | 3,097,411 | 2,673,802 | 2,535,165 | 2,406,568 | 2,410,436 |
| 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 |
| Operating ROA | 22.75% | 21.84% | 20.64% | 24.27% | 27.55% | 30.14% | 31.50% | 30.49% | 31.30% | 31.46% | 31.29% | 31.44% | 28.20% | 25.66% | 22.25% | 20.57% | 18.37% | 19.59% | 20.20% | 19.53% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,263,910K ÷ $18,744,700K
= 22.75%
The operating return on assets (operating ROA) of Lam Research Corp has shown some fluctuations over the past few quarters. There appears to be a general upward trend in the operating ROA from the end of 2019 to mid-2023, with the ratio increasing steadily. The peak performance was observed in the first quarter of 2023 at 31.50%.
However, in more recent quarters, there has been a slight decline in the operating ROA, with the ratio dropping to 22.75% in the most recent quarter, which is still relatively healthy but lower compared to previous periods.
Overall, Lam Research Corp has maintained a relatively strong operating ROA performance, indicating that the company's operations are generating a solid return in relation to its assets. It will be important to continue monitoring future periods to assess if the recent downward trend in operating ROA is a temporary fluctuation or a more sustained shift in performance.
Peer comparison
Jun 30, 2024