Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Statement of Comprehensive Income
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
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Lam Research Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-09-28), 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
- The proportion of cash and cash equivalents relative to total assets exhibited notable fluctuations. It initially decreased from 37.32% in late 2019 to a low around 20.48% in mid-2022. Subsequently, it recovered and stabilized in the range of approximately 27% to 31% through 2023 and into mid-2025. This pattern suggests periods of liquidity reduction followed by replenishment.
- Accounts Receivable, Less Allowance
- Accounts receivable as a percentage of total assets generally trended upward from 13.25% in late 2019 to a peak exceeding 25% by mid-2022, indicating a growth in credit sales or lengthening collection periods. After peaking, this ratio decreased considerably to around 12% by late 2023 before rising again moderately toward 16% by late 2025, reflecting variable credit management or sales cycles.
- Inventories
- The inventory ratio showed a consistent increasing trend from 12.02% in late 2019 to a maximum near 25.64% in mid-2023. Following this peak, inventories as a percentage of total assets gradually declined to approximately 18.7% by late 2025. This suggests an accumulation of stock through 2023, possibly in anticipation of demand, followed by inventory normalization.
- Prepaid Expenses and Other Current Assets
- This category saw significant volatility with a sharp rise from 8.98% to around 17.86% by late 2020, before steadily declining to lower single-digit levels (around 1.4% to 2.0%) in subsequent periods through 2025. The early spike may represent prepayments or advances related to procurement or operations, which normalized later.
- Current Assets
- Current assets consistently accounted for a high majority of total assets, fluctuating narrowly between approximately 67% and 75%. The ratio peaked near mid-2020 at about 74.88%, then trended slightly downward to stabilize around 67% to 69% through 2025, indicating a maintained liquidity buffer.
- Property and Equipment, Net
- The share of property and equipment as a percentage of total assets exhibited a gradual increase over the period analyzed. Beginning at 8.35% in late 2019, it rose steadily, surpassing 11% by late 2023 and maintaining levels between 11% and 12% through 2025. This points to ongoing capital investment or asset acquisitions.
- Goodwill and Intangible Assets, Net
- Goodwill and intangible assets decreased steadily from 13.7% of total assets in late 2019 to around 8.3% by late 2025. This decline may indicate amortization effects, impairments, or a lack of new acquisitions generating intangible assets during this period.
- Other Assets
- Other assets showed a gradual upward trend, increasing from approximately 6.38% in late 2019 to about 12.58% by late 2025. This continuous rise suggests accumulation of additional asset categories not detailed in primary segments.
- Long-term Assets
- Long-term assets as a proportion of total assets slightly declined from around 29% in late 2019 to close to 25% by mid-2020, then reversed course to increase steadily, reaching roughly 32% by late 2025. This reflects a shift toward greater long-term asset composition in the company's structure over time.
- Overall Asset Composition
- Throughout the period, total assets remained constant at 100%, naturally. However, the composition shifted significantly, illustrating changes in liquidity, investments, and asset base diversification. The movement between current and long-term assets, along with adjustments in inventories, receivables, and intangible assets, reflects evolving operational and investment strategies.