Return on Assets (ROA)
since 2005
Calculation
Lam Research Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2024 | 20.42% | = | 100 | × | 3,827,772) | ÷ | 18,744,728) |
| Jun 25, 2023 | 24.02% | = | 100 | × | 4,510,931) | ÷ | 18,781,643) |
| Jun 26, 2022 | 26.78% | = | 100 | × | 4,605,286) | ÷ | 17,195,632) |
| Jun 27, 2021 | 24.59% | = | 100 | × | 3,908,458) | ÷ | 15,892,152) |
| Jun 28, 2020 | 15.47% | = | 100 | × | 2,251,753) | ÷ | 14,559,047) |
| Jun 30, 2019 | 18.26% | = | 100 | × | 2,191,430) | ÷ | 12,001,333) |
| Jun 24, 2018 | 19.08% | = | 100 | × | 2,380,681) | ÷ | 12,479,478) |
| Jun 25, 2017 | 14.00% | = | 100 | × | 1,697,763) | ÷ | 12,122,765) |
| Jun 26, 2016 | 7.45% | = | 100 | × | 914,049) | ÷ | 12,271,528) |
| Jun 28, 2015 | 7.00% | = | 100 | × | 655,577) | ÷ | 9,364,648) |
| Jun 29, 2014 | 7.91% | = | 100 | × | 632,289) | ÷ | 7,993,306) |
| Jun 30, 2013 | 1.57% | = | 100 | × | 113,879) | ÷ | 7,250,315) |
| Jun 24, 2012 | 2.11% | = | 100 | × | 168,723) | ÷ | 8,004,652) |
| Jun 26, 2011 | 17.84% | = | 100 | × | 723,748) | ÷ | 4,057,394) |
| Jun 27, 2010 | 13.94% | = | 100 | × | 346,669) | ÷ | 2,487,392) |
| Jun 28, 2009 | -15.48% | = | 100 | × | (302,148) | ÷ | 1,951,871) |
| Jun 29, 2008 | 15.65% | = | 100 | × | 439,349) | ÷ | 2,806,755) |
| Jun 24, 2007 | 32.63% | = | 100 | × | 685,816) | ÷ | 2,101,605) |
| Jun 25, 2006 | 14.51% | = | 100 | × | 335,755) | ÷ | 2,313,344) |
| Jun 26, 2005 | 20.66% | = | 100 | × | 299,341) | ÷ | 1,448,815) |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
1 US$ in thousands
- Net Income (Loss) Trends
- The net income figures demonstrate significant variability over the years. Initially, a positive trend is observed from 2005 to 2007, with net income increasing from 299,341 to 685,816 thousand USD. However, there is a notable loss in 2009, with a net loss of 302,148 thousand USD. Post-2009, the net income recovers consistently, reaching a peak in 2021 at 3,908,458 thousand USD. The figures slightly fluctuate but remain elevated through to 2024, indicating improved profitability in the latter years compared to the mid-2000s.
- Total Assets Trends
- Total assets exhibit a general growth trajectory over the period analyzed. Starting at 1,448,815 thousand USD in 2005, assets increase substantially, with a few fluctuations, peaking in 2023 at 18,781,643 thousand USD. The asset base shows particularly rapid growth between 2010 and 2012, doubling from approximately 2.5 billion to 8 billion USD. This growth moderates somewhat after 2013 but remains on an upward trend, stabilizing near 18.7 billion USD towards 2024.
- Return on Assets (ROA) Analysis
- The ROA displays marked volatility throughout the period. Early years show strong returns, peaking at 32.63% in 2007, followed by a sharp decline and turning negative in 2009 at -15.48%, coinciding with the net income loss that year. ROA recovers steadily afterwards, maintaining positive levels with gradual improvement, reaching above 20% consistently from 2017 onwards. The highest ROA after the recovery period appears at 26.78% in 2022. A slight downward moderation occurs in the last two years but remains relatively strong, indicating efficient asset utilization in generating profits.
- Overall Patterns and Insights
- The financial data reveals resilience and recovery after the 2009 downturn. Despite a significant net loss in 2009, subsequent years show robust growth in profitability and asset accumulation, reflecting successful strategic or operational adjustments. The consistent rise in total assets alongside sustained positive ROA levels in recent years suggests better asset management and effective capital deployment. Net income growth into multi-billion levels in the 2020s further corroborates an improving financial performance trajectory. However, the volatility seen in earlier periods indicates sensitivity to external or internal economic factors.
Comparison to Competitors
Lam Research Corp., ROA, long-term trends, comparison to competitors
| Lam Research Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 30, 2024 | 20.42% | 2.37% | 3.39% | 20.86% | 3.56% | -9.55% | 17.90% | 1.12% | 45.28% | 18.39% | 13.51% |
| Jun 25, 2023 | 24.02% | 1.26% | 6.79% | 22.31% | 19.33% | 0.88% | 24.07% | -9.08% | 10.61% | 14.17% | 20.12% |
| Jun 26, 2022 | 26.78% | 1.95% | 5.46% | 24.41% | 15.69% | 4.40% | 26.37% | 13.11% | 22.07% | 26.39% | 32.16% |
| Jun 27, 2021 | 24.59% | 25.46% | 2.66% | 22.80% | 8.91% | 11.80% | 20.23% | 9.96% | 15.05% | 21.93% | 31.48% |
| Jun 28, 2020 | 15.47% | 27.78% | 5.69% | 16.19% | 3.90% | 13.65% | 13.11% | 5.01% | 16.15% | 14.60% | 28.91% |
| Jun 30, 2019 | 18.26% | 5.66% | 6.37% | 14.22% | 4.04% | 15.42% | 13.05% | 12.91% | 31.15% | 13.31% | 27.84% |
| Jun 24, 2018 | 19.08% | 7.40% | 7.31% | 18.64% | 24.46% | 16.45% | 14.28% | 32.59% | 27.11% | -14.88% | 32.56% |
| Jun 25, 2017 | 14.00% | 1.21% | 3.44% | 17.68% | 3.11% | 7.79% | 16.74% | 14.40% | 16.93% | 3.77% | 20.87% |
| Jun 26, 2016 | 7.45% | -14.97% | 10.81% | 11.80% | -3.48% | 9.10% | 14.20% | -1.00% | 8.33% | 10.90% | 21.88% |
| Jun 28, 2015 | 7.00% | -21.23% | 9.87% | 9.00% | 12.88% | 11.08% | 7.59% | 12.01% | 8.76% | 10.38% | 18.40% |
| Jun 29, 2014 | 7.91% | -10.70% | 9.17% | 8.14% | 2.51% | 12.73% | 10.52% | 13.53% | 6.07% | 16.40% | 15.92% |
| Jun 30, 2013 | 1.57% | -1.91% | 10.55% | 2.13% | 16.16% | 10.42% | 10.27% | 6.22% | 8.77% | 15.06% | 11.42% |
| Jun 24, 2012 | 2.11% | -29.58% | 11.59% | 0.90% | 19.67% | 13.05% | 14.82% | -7.20% | 10.46% | 14.20% | 8.79% |
| Jun 26, 2011 | 17.84% | 9.91% | 16.44% | 13.90% | 22.57% | 18.20% | 16.99% | 1.13% | 5.63% | 11.70% | 10.91% |
| Jun 27, 2010 | 13.94% | 9.49% | 16.45% | 8.57% | 19.24% | 18.14% | 5.43% | 12.59% | -1.90% | 10.62% | 24.09% |
| Jun 28, 2009 | -15.48% | 3.35% | 7.28% | -3.19% | -2.23% | 8.23% | -14.50% | -16.02% | -0.90% | 5.80% | 12.13% |
| Jun 29, 2008 | 15.65% | -40.36% | 25.44% | 8.73% | — | 10.43% | 7.41% | -12.06% | 21.28% | 12.86% | 16.10% |
| Jun 24, 2007 | 32.63% | -29.26% | 16.72% | 16.05% | — | 12.54% | 11.42% | -2.16% | 16.78% | 17.86% | 20.98% |
| Jun 25, 2006 | 14.51% | -1.26% | 13.78% | 16.00% | — | 10.43% | 8.31% | 3.34% | 15.80% | 16.24% | 31.16% |
| Jun 26, 2005 | 20.66% | 2.27% | 9.05% | 10.74% | — | 17.93% | 11.71% | 2.35% | 6.16% | 17.17% | 15.43% |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Lam Research Corp., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 30, 2024 | 20.42% | 6.42% |
| Jun 25, 2023 | 24.02% | 7.41% |
| Jun 26, 2022 | 26.78% | 12.68% |
| Jun 27, 2021 | 24.59% | 13.62% |
| Jun 28, 2020 | 15.47% | 11.80% |
| Jun 30, 2019 | 18.26% | 13.37% |
| Jun 24, 2018 | 19.08% | 17.34% |
| Jun 25, 2017 | 14.00% | 8.44% |
| Jun 26, 2016 | 7.45% | 7.07% |
| Jun 28, 2015 | 7.00% | 10.73% |
| Jun 29, 2014 | 7.91% | 12.19% |
| Jun 30, 2013 | 1.57% | 10.15% |
| Jun 24, 2012 | 2.11% | 9.51% |
| Jun 26, 2011 | 17.84% | 13.81% |
| Jun 27, 2010 | 13.94% | 14.79% |
| Jun 28, 2009 | -15.48% | 3.61% |
| Jun 29, 2008 | 15.65% | 6.72% |
| Jun 24, 2007 | 32.63% | 9.62% |
| Jun 25, 2006 | 14.51% | 12.13% |
| Jun 26, 2005 | 20.66% | 14.01% |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Industry (Information Technology)
Lam Research Corp., ROA, long-term trends, comparison to industry (information technology)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Jun 30, 2024 | 20.42% | 11.95% |
| Jun 25, 2023 | 24.02% | 12.52% |
| Jun 26, 2022 | 26.78% | 14.57% |
| Jun 27, 2021 | 24.59% | 14.67% |
| Jun 28, 2020 | 15.47% | 11.45% |
| Jun 30, 2019 | 18.26% | 11.78% |
| Jun 24, 2018 | 19.08% | 10.94% |
| Jun 25, 2017 | 14.00% | 9.05% |
| Jun 26, 2016 | 7.45% | 9.79% |
| Jun 28, 2015 | 7.00% | 11.53% |
| Jun 29, 2014 | 7.91% | 12.36% |
| Jun 30, 2013 | 1.57% | 13.26% |
| Jun 24, 2012 | 2.11% | 14.08% |
| Jun 26, 2011 | 17.84% | 15.10% |
| Jun 27, 2010 | 13.94% | 14.50% |
| Jun 28, 2009 | -15.48% | 10.08% |
| Jun 29, 2008 | 15.65% | 11.99% |
| Jun 24, 2007 | 32.63% | 12.03% |
| Jun 25, 2006 | 14.51% | 12.21% |
| Jun 26, 2005 | 20.66% | 12.76% |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).