Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Analysis of Inventory

Microsoft Excel

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Inventory Disclosure

KLA Corp., balance sheet: inventory

US$ in thousands

Microsoft Excel
Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Customer service parts
Raw materials
Work-in-process
Finished goods
Inventories

Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).


The financial data for the specified periods reveals a consistent upward trend across various inventory components, indicating an overall growth in the company’s inventory holdings.

Customer service parts
The value of customer service parts steadily increased from 338,608 thousand US$ in 2020 to 600,769 thousand US$ projected for 2025, reflecting a near doubling over the six-year span. Notably, the largest year-over-year increase occurred between 2021 and 2023, suggesting intensified investment or demand for customer service inventory during this period.
Raw materials
Raw materials inventory showed significant growth from 478,594 thousand US$ in 2020 to a peak of 1,559,202 thousand US$ in 2023. Although there is a slight projected decline in 2024 and 2025, the overall level remains markedly higher than the initial years, indicating increased stockpiling or procurement of raw materials, possibly in response to rising production needs or supply chain strategies.
Work-in-process
Work-in-process inventory increased consistently from 334,965 thousand US$ in 2020 to 833,933 thousand US$ projected for 2025. This growth reflects a steady expansion in production activities or longer production cycles. The progressive increases each year imply higher capital tied up in partly completed goods.
Finished goods
Finished goods inventory rose from 158,818 thousand US$ in 2020 to an estimated 285,661 thousand US$ in 2025, more than an 80% increase over the period. Despite some fluctuations, the general upward trajectory signals an increase in available finished stock, possibly to meet anticipated market demands or as a buffer against supply disruptions.
Inventories (total)
The total inventories mirrored the patterns observed in individual components, with growth from 1,310,985 thousand US$ in 2020 to a projected 3,212,149 thousand US$ in 2025. This substantial increase indicates a significant buildup in inventory assets, which may reflect expansion strategies, increased sales forecasts, or efforts to mitigate supply chain risks.

In summary, the data indicates robust growth across all inventory categories, highlighting an overall trend of increasing inventory investment. This trend suggests scaling operations and potentially reflects proactive supply chain management to support future business activities.