Lam Research Corp (LRCX)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	3,827,770	4,510,930	4,605,290	3,908,460	2,251,750
Total assets	US$ in thousands	18,744,700	18,781,600	17,195,600	15,892,200	14,559,000
ROA		20.42%	24.02%	26.78%	24.59%	15.47%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $3,827,770K ÷ $18,744,700K
= 20.42%

Lam Research Corp's return on assets (ROA) has shown a decreasing trend over the past five years, starting at 15.47% in June 2020 and reaching a peak of 26.78% in June 2022 before declining to 20.42% in June 2024. Despite the recent decrease, the company has maintained relatively strong ROA figures, indicating its ability to generate profits from its assets. However, it is important to monitor this metric closely to understand the efficiency of the company's asset utilization and ability to generate earnings.