Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

KLA Corp., adjusted financial ratios

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Activity Ratio
Total Asset Turnover
Reported	0.75	0.73	0.67	0.63	0.51	0.72
Adjusted	0.81	0.79	0.69	0.65	0.53	0.76
Liquidity Ratio
Current Ratio
Reported	2.24	2.50	2.71	2.78	2.44	3.73
Adjusted	3.14	3.62	3.75	4.19	3.38	5.25
Solvency Ratios
Debt to Equity
Reported	2.02	4.75	1.02	1.30	1.29	1.38
Adjusted	1.55	2.70	0.80	0.94	0.93	1.21
Debt to Capital
Reported	0.67	0.83	0.50	0.57	0.56	0.58
Adjusted	0.61	0.73	0.44	0.49	0.48	0.55
Financial Leverage
Reported	4.82	8.99	3.04	3.48	3.39	3.47
Adjusted	3.40	4.80	2.26	2.39	2.36	2.93
Profitability Ratios
Net Profit Margin
Reported	32.27%	36.06%	30.04%	20.96%	25.73%	19.87%
Adjusted	30.50%	35.16%	29.53%	20.27%	27.62%	24.22%
Return on Equity (ROE)
Reported	116.01%	237.04%	61.53%	45.65%	44.21%	49.51%
Adjusted	83.72%	133.98%	46.02%	31.54%	34.66%	54.03%
Return on Assets (ROA)
Reported	24.07%	26.37%	20.23%	13.11%	13.05%	14.28%
Adjusted	24.64%	27.90%	20.40%	13.18%	14.69%	18.41%

Based on: 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).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	KLA Corp. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	KLA Corp. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	KLA Corp. adjusted debt-to-equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	KLA Corp. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	KLA Corp. adjusted financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	KLA Corp. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	KLA Corp. adjusted ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	KLA Corp. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

KLA Corp., Financial Ratios: Reported vs. Adjusted

Download chart

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Revenues	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)	4,036,701)
Total assets	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)	5,619,356)
Activity Ratio
Total asset turnover¹	0.75	0.73	0.67	0.63	0.51	0.72
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted revenues²	10,733,739)	9,551,504)	6,920,382)	5,884,690)	4,735,860)	4,151,453)
Adjusted total assets³	13,289,090)	12,038,546)	10,018,699)	9,054,985)	8,905,560)	5,461,257)
Activity Ratio
Adjusted total asset turnover⁴	0.81	0.79	0.69	0.65	0.53	0.76

Based on: 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).

¹ 2023 Calculation
Total asset turnover = Revenues ÷ Total assets
= 10,496,056 ÷ 14,072,357 = 0.75

² Adjusted revenues. See details »

³ Adjusted total assets. See details »

⁴ 2023 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 10,733,739 ÷ 13,289,090 = 0.81

Download chart

Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	KLA Corp. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Current assets	8,372,032)	7,168,911)	5,696,248)	4,723,545)	4,315,075)	4,549,000)
Current liabilities	3,742,842)	2,871,083)	2,103,227)	1,699,786)	1,768,486)	1,218,083)
Liquidity Ratio
Current ratio¹	2.24	2.50	2.71	2.78	2.44	3.73
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets²	8,405,664)	7,189,542)	5,714,284)	4,735,367)	4,327,076)	4,560,639)
Adjusted current liabilities³	2,674,516)	1,988,377)	1,523,099)	1,130,056)	1,279,469)	869,247)
Liquidity Ratio
Adjusted current ratio⁴	3.14	3.62	3.75	4.19	3.38	5.25

Based on: 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).

¹ 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,372,032 ÷ 3,742,842 = 2.24

² Adjusted current assets. See details »

³ Adjusted current liabilities. See details »

⁴ 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 8,405,664 ÷ 2,674,516 = 3.14

Download chart

Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	KLA Corp. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt	5,890,736)	6,660,718)	3,442,767)	3,469,670)	3,423,382)	2,237,402)
Total KLA stockholders’ equity	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)	1,620,511)
Solvency Ratio
Debt to equity¹	2.02	4.75	1.02	1.30	1.29	1.38
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	6,063,132)	6,774,305)	3,545,828)	3,569,549)	3,514,566)	2,260,864)
Adjusted total stockholders’ equity³	3,910,738)	2,506,809)	4,441,543)	3,783,118)	3,773,819)	1,860,980)
Solvency Ratio
Adjusted debt to equity⁴	1.55	2.70	0.80	0.94	0.93	1.21

Based on: 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).

¹ 2023 Calculation
Debt to equity = Total debt ÷ Total KLA stockholders’ equity
= 5,890,736 ÷ 2,919,753 = 2.02

² Adjusted total debt. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 6,063,132 ÷ 3,910,738 = 1.55

Download chart

Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	KLA Corp. adjusted debt-to-equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt	5,890,736)	6,660,718)	3,442,767)	3,469,670)	3,423,382)	2,237,402)
Total capital	8,810,489)	8,062,069)	6,820,321)	6,135,094)	6,082,490)	3,857,913)
Solvency Ratio
Debt to capital¹	0.67	0.83	0.50	0.57	0.56	0.58
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	6,063,132)	6,774,305)	3,545,828)	3,569,549)	3,514,566)	2,260,864)
Adjusted total capital³	9,973,870)	9,281,114)	7,987,371)	7,352,667)	7,288,385)	4,121,844)
Solvency Ratio
Adjusted debt to capital⁴	0.61	0.73	0.44	0.49	0.48	0.55

Based on: 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).

¹ 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,890,736 ÷ 8,810,489 = 0.67

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 6,063,132 ÷ 9,973,870 = 0.61

Download chart

Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	KLA Corp. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Total assets	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)	5,619,356)
Total KLA stockholders’ equity	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)	1,620,511)
Solvency Ratio
Financial leverage¹	4.82	8.99	3.04	3.48	3.39	3.47
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	13,289,090)	12,038,546)	10,018,699)	9,054,985)	8,905,560)	5,461,257)
Adjusted total stockholders’ equity³	3,910,738)	2,506,809)	4,441,543)	3,783,118)	3,773,819)	1,860,980)
Solvency Ratio
Adjusted financial leverage⁴	3.40	4.80	2.26	2.39	2.36	2.93

Based on: 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).

¹ 2023 Calculation
Financial leverage = Total assets ÷ Total KLA stockholders’ equity
= 14,072,357 ÷ 2,919,753 = 4.82

² Adjusted total assets. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 13,289,090 ÷ 3,910,738 = 3.40

Download chart

Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	KLA Corp. adjusted financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)	802,265)
Revenues	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)	4,036,701)
Profitability Ratio
Net profit margin¹	32.27%	36.06%	30.04%	20.96%	25.73%	19.87%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	3,274,012)	3,358,582)	2,043,810)	1,193,025)	1,307,899)	1,005,482)
Adjusted revenues³	10,733,739)	9,551,504)	6,920,382)	5,884,690)	4,735,860)	4,151,453)
Profitability Ratio
Adjusted net profit margin⁴	30.50%	35.16%	29.53%	20.27%	27.62%	24.22%

Based on: 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).

¹ 2023 Calculation
Net profit margin = 100 × Net income attributable to KLA ÷ Revenues
= 100 × 3,387,277 ÷ 10,496,056 = 32.27%

² Adjusted net income. See details »

³ Adjusted revenues. See details »

⁴ 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 3,274,012 ÷ 10,733,739 = 30.50%

Download chart

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	KLA Corp. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)	802,265)
Total KLA stockholders’ equity	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)	1,620,511)
Profitability Ratio
ROE¹	116.01%	237.04%	61.53%	45.65%	44.21%	49.51%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	3,274,012)	3,358,582)	2,043,810)	1,193,025)	1,307,899)	1,005,482)
Adjusted total stockholders’ equity³	3,910,738)	2,506,809)	4,441,543)	3,783,118)	3,773,819)	1,860,980)
Profitability Ratio
Adjusted ROE⁴	83.72%	133.98%	46.02%	31.54%	34.66%	54.03%

Based on: 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).

¹ 2023 Calculation
ROE = 100 × Net income attributable to KLA ÷ Total KLA stockholders’ equity
= 100 × 3,387,277 ÷ 2,919,753 = 116.01%

² Adjusted net income. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total stockholders’ equity
= 100 × 3,274,012 ÷ 3,910,738 = 83.72%

Download chart

Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	KLA Corp. adjusted ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)	802,265)
Total assets	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)	5,619,356)
Profitability Ratio
ROA¹	24.07%	26.37%	20.23%	13.11%	13.05%	14.28%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	3,274,012)	3,358,582)	2,043,810)	1,193,025)	1,307,899)	1,005,482)
Adjusted total assets³	13,289,090)	12,038,546)	10,018,699)	9,054,985)	8,905,560)	5,461,257)
Profitability Ratio
Adjusted ROA⁴	24.64%	27.90%	20.40%	13.18%	14.69%	18.41%

Based on: 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).

¹ 2023 Calculation
ROA = 100 × Net income attributable to KLA ÷ Total assets
= 100 × 3,387,277 ÷ 14,072,357 = 24.07%

² Adjusted net income. See details »

³ Adjusted total assets. See details »

⁴ 2023 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 3,274,012 ÷ 13,289,090 = 24.64%

Download chart

Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	KLA Corp. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

KLA Corp. (NASDAQ:KLAC)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

KLA Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)