Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

KLA Corp., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).

1 US$ in thousands


The financial data reveals notable fluctuations and trends in the performance indicators over the analyzed periods. Revenues experienced significant variations, with a general upward trajectory from fiscal year 2005 through 2024. Initially, revenues were approximately 2.1 billion US dollars in 2005, followed by a decline around 2009, reaching a low point near 1.5 billion. From 2010 onward, revenues exhibited strong growth, peaking above 10 billion US dollars in 2023 before a slight reduction in 2024 to approximately 9.8 billion.

Total assets showed a consistent growth pattern, albeit with some volatility. Starting at nearly 4 billion US dollars in 2005, total assets fluctuated in the following years but marked a pronounced increase from 2015 forward. By 2024, total assets had reached over 15 billion US dollars, reflecting a substantial expansion in asset base within the period.

The total asset turnover ratio, which measures efficiency in utilizing assets to generate revenues, generally ranged between 0.4 and 0.7, indicating moderate efficiency with some variation. The ratio started at 0.52 in 2005, declined to a trough of 0.42 around 2009, and then improved progressively, peaking at 0.75 in 2023. This increase suggests enhanced effectiveness in leveraging assets to produce revenue during later years, although the ratio dipped slightly to 0.64 in 2024.

Revenue Trends
Initial stability with a sharp decline in the 2008–2009 period, followed by sustained growth from 2010 onward, achieving peak revenues in 2023 before a mild decrease in 2024.
Total Assets Trends
Minor fluctuations in the early years, turning into robust expansion post-2015, culminating in a nearly fourfold increase from 2005 to 2024.
Total Asset Turnover Ratio Trends
A decline correlating with the revenue downturn in 2008–2009, then steady improvement up to 2023, signifying better asset utilization, with a minor reduction in the final recorded year.
Overall Insights
The data suggests the company underwent a period of contraction around the global financial crisis, reflected in reduced revenues and asset efficiency. Recovery and growth phases are evident in the subsequent years, with asset growth outpacing revenue growth in latter years, as indicated by the fluctuating asset turnover ratio. The slight decline in revenue and asset turnover in 2024 warrants monitoring to assess if this represents a transient variation or the start of a new trend.

Comparison to Competitors

KLA Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

KLA Corp., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).


Comparison to Industry (Information Technology)