Lam Research Corp (LRCX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 47.33% | 47.47% | 45.84% | 45.37% | 45.12% | 45.12% | 45.77% | 46.20% | 46.19% | 46.46% | 46.85% | 46.80% | 47.22% | 47.24% | 47.39% | 47.24% | 46.72% | 46.73% | 46.01% | 45.80% |
| Operating profit margin | 28.62% | 28.40% | 27.44% | 28.78% | 30.03% | 31.08% | 32.08% | 32.03% | 31.58% | 31.54% | 31.98% | 31.47% | 31.10% | 30.03% | 29.17% | 28.50% | 27.11% | 26.87% | 25.65% | 25.78% |
| Pretax margin | 29.26% | 28.96% | 27.71% | 28.65% | 29.64% | 30.04% | 30.76% | 30.89% | 30.47% | 31.08% | 31.65% | 30.82% | 30.33% | 29.17% | 27.97% | 27.36% | 26.10% | 25.82% | 25.50% | 25.46% |
| Net profit margin | 25.69% | 25.69% | 24.48% | 25.40% | 26.17% | 26.35% | 27.18% | 27.23% | 27.02% | 27.45% | 28.12% | 27.43% | 27.12% | 26.49% | 25.27% | 24.01% | 22.83% | 22.22% | 22.06% | 22.72% |
Lam Research Corp's profitability ratios have shown some fluctuations over the periods analyzed. The gross profit margin has generally been stable, ranging from 45.12% to 47.47%, indicating the company effectively manages its cost of goods sold.
The operating profit margin has shown some variability, with a peak at 32.08% in the fourth quarter of 2022 and a low of 27.11% in the third quarter of 2020. This metric reflects the company's ability to generate profits from its core operations, considering expenses beyond the cost of goods sold.
Similarly, the pretax margin and net profit margin have exhibited fluctuations. The pretax margin has ranged from 25.50% to 31.65%, reflecting the company's ability to control operating expenses and interest costs. The net profit margin, which is a key indicator of a company's overall profitability, has shown a similar trend, varying from 22.06% to 28.12%.
Overall, while there have been some ups and downs in the profitability ratios of Lam Research Corp, the company has generally maintained healthy margins and profitability levels, demonstrating effective cost management and operational efficiency.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 20.42% | 19.75% | 18.41% | 21.43% | 24.02% | 25.55% | 26.68% | 25.91% | 26.78% | 27.37% | 27.51% | 27.40% | 24.59% | 22.64% | 19.28% | 17.33% | 15.47% | 16.21% | 17.37% | 17.21% |
| Return on total capital | 34.38% | 53.04% | 49.87% | 57.98% | 40.19% | 68.88% | 72.08% | 76.76% | 47.84% | 88.50% | 82.83% | 85.80% | 41.68% | 38.87% | 33.21% | 30.43% | 27.17% | 27.27% | 31.34% | 28.92% |
| Return on equity (ROE) | 44.82% | 45.00% | 42.06% | 49.36% | 54.94% | 58.49% | 61.71% | 65.45% | 73.35% | 75.35% | 70.88% | 73.28% | 64.85% | 64.42% | 53.86% | 48.15% | 43.53% | 46.21% | 47.26% | 43.02% |
Lam Research Corp's profitability ratios show a consistently strong performance over the past several quarters. The operating return on assets (Operating ROA) has remained high, ranging from 20.64% to 31.50%, indicating that the company is generating significant operating income from its assets.
Return on assets (ROA) also reflects a solid performance, ranging from 15.47% to 27.55%, demonstrating the company's ability to effectively utilize its assets to generate profits.
Return on total capital has shown significant variability but generally remains high, ranging from 27.17% to 88.50%. This indicates that the company is generating strong returns on its total invested capital.
Return on equity (ROE) has consistently been impressive, ranging from 42.06% to 75.35%, showcasing the company's profitability from shareholders' perspective and its efficient use of equity to generate earnings.
Overall, Lam Research Corp's profitability ratios reflect a financially healthy and efficient operation, with strong returns on assets, capital, and equity across the periods analyzed.