Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

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

Microsoft Excel

Based on: 10-K (reporting date: 2026-06-30), 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), 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 trajectory from 2005 to 2026 reflects a significant expansion in both revenue generation and the asset base, characterized by a general improvement in asset utilization efficiency over the long term.

Initial Stability and Volatility (2005–2010)
During the first six years, total asset turnover remained relatively low and volatile, fluctuating between a low of 0.42 in 2009 and a high of 0.59 in 2007. Revenue and assets grew modestly during this period, with the asset turnover ratio indicating a moderate ability to generate sales from the existing asset base.
Efficiency Gains (2011–2018)
A period of sustained improvement in operational efficiency is observed between 2011 and 2018. The asset turnover ratio trended upward, reaching a peak of 0.72 in 2018. This suggests a strategic optimization of assets or a period of strong revenue growth that outpaced the expansion of the balance sheet.
The 2019 Asset Expansion Shift
A sharp decline in the total asset turnover ratio occurred in 2019, dropping to 0.51. This decline correlates with a substantial increase in total assets, which rose from approximately 5.6 billion in 2018 to 9.0 billion in 2019. The sudden drop indicates a significant capital infusion or acquisition that temporarily diluted the efficiency of asset utilization before the associated revenues could be fully realized.
Recovery and Optimization (2020–2026)
Following the 2019 contraction, a strong recovery phase is evident. The asset turnover ratio climbed steadily from 0.63 in 2020 to a peak of 0.75 in 2023. This indicates a successful integration of the expanded asset base to drive higher revenues, which grew from 5.8 billion in 2019 to projected levels exceeding 13.5 billion by 2026. The ratio stabilizes between 0.64 and 0.76 in the final years of the period, suggesting a matured and efficient operational model.

Overall, the long-term trend demonstrates a transition from a low-turnover environment to a more efficient operational state, where the company is capable of generating significantly higher revenue per unit of asset investment despite a vastly larger balance sheet.



Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2026-06-30), 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), 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: 2026-06-30), 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), 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)