Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Analysis of Revenues
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Based on: 10-K (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27), 10-K (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29).
- Cash and cash equivalents
- Throughout the periods analyzed, the percentage of cash and equivalents relative to total assets exhibited notable fluctuations. Starting at a high of 37.32% in late 2019, it declined steadily to a low near 20.48% by mid-2022, followed by a recovery trend reaching above 31% during 2024, before slightly declining again towards the end of the observed periods. This suggests periods of cash accumulation and drawdown potentially linked to operational or investment activities.
- Accounts receivable, less allowance
- This category showed an initial increase from 13.25% to over 25% of total assets between late 2019 and mid-2022, reflecting growth in revenue or extended credit terms. However, from mid-2022 onward, a consistent decrease is observed, stabilizing around mid-teens percentages by the most recent periods, indicating possible improvements in collections or changes in sales composition.
- Inventories
- Inventories increased steadily from approximately 12% in late 2019 to a peak exceeding 25% of total assets between late 2022 and mid-2023. Thereafter, inventories started to decline modestly but remained above 20%. This upward trend points to stock accumulation, potentially in anticipation of higher demand or supply chain considerations, with a recent moderation indicating inventory management adjustments.
- Prepaid expenses and other current assets
- These assets initially rose from around 9% to a peak above 17% in late 2020 before undergoing a significant decline, stabilizing below 2% from mid-2022 onward. This pattern could reflect reduced advance payments or prepayments, possibly linked to changes in contractual terms or expense recognition practices.
- Current assets
- Current assets consistently accounted for more than two-thirds of total assets but showed a slight downward trend from levels above 74% in early periods to approximately 68% towards the end. The gradual decrease is aligned with the increases noted in long-term assets, indicating a shift in asset composition over time.
- Property and equipment, net
- Property and equipment as a percentage of total assets increased gradually from under 9% in 2019 to nearly 12% in recent periods. This steady rise suggests ongoing investment in fixed assets, possibly for capacity expansion or technological upgrades.
- Goodwill and intangible assets
- Goodwill and intangible assets displayed a declining trend, decreasing from around 14% in late 2019 to below 9% by the latest periods. This reduction may result from amortization, impairment, or divestitures, reflecting adjustments in the asset base related to acquisitions or intellectual property.
- Other assets
- The proportion of other assets increased from approximately 6.4% to over 12% across the observed timeline. This steady growth could indicate expanding miscellaneous asset holdings, such as investments, deferred charges, or other non-current asset categories.
- Long-term assets
- Long-term assets as a share of total assets rose from about 28% in 2019 to a peak near 32.5% in 2025, marking a gradual shift towards a larger long-term asset base relative to current assets. This trend complements the growth in property, equipment, and other assets, indicating an evolving asset strategy emphasizing sustained investments.
- Total assets
- The total assets percentage consistently sums to 100%, serving as a normalization benchmark for analyzing components. The shifting proportions within current and long-term assets reflect operational, investment, and strategic changes implemented over time.