Lam Research Corp (LRCX)

Return on assets (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
Net income (ttm)	US$ in thousands	3,827,770	3,610,027	3,458,209	3,972,453	4,510,935	4,917,328	5,125,100	4,851,420	4,605,280	4,541,010	4,590,350	4,264,749	3,908,460	3,460,473	2,964,134	2,609,415	2,251,753	2,096,905	2,069,514	2,123,859
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
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%

June 30, 2024 calculation

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

The return on assets (ROA) for Lam Research Corp has shown a generally positive trend over the past few years, indicating the company's efficiency in generating profits from its assets. The ROA has consistently been above 15%, reflecting robust performance in utilizing its assets to generate earnings.

Specifically, the ROA increased from 17.21% in Sep 2019 to 20.42% in Jun 2024, reaching its peak at 27.51% in Mar 2022. However, there was a slight dip in the ROA in the most recent quarter compared to the preceding quarter.

Overall, the upward trend in ROA suggests that Lam Research Corp has been effectively managing its assets to generate profits, which is a positive signal for investors and indicates the company's operational efficiency and profitability.