Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Lam Research Corp., total asset turnover, long-term trends, calculation

Microsoft Excel

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


Revenue Trends
Revenue exhibited significant fluctuations during the period analyzed. It started at approximately 1.5 billion US dollars in mid-2005 and generally trended upward with some volatility. A notable dip occurred in mid-2009, with revenue dropping to about 1.1 billion US dollars. From 2010 onwards, the revenue saw substantial growth, reaching a peak close to 17.2 billion US dollars in mid-2022. However, the last two years indicate a decline, with revenue decreasing to approximately 17.4 billion in 2023 and further down to about 14.9 billion in 2024.
Total Assets Trends
Total assets showed a strong increase over the years. Starting from roughly 1.4 billion US dollars in 2005, assets more than doubled by 2011, hitting around 4 billion US dollars. After 2011, assets continued their upward trajectory, reaching nearly 18.8 billion US dollars by 2023, with a slight decrease to about 18.7 billion in 2024. This trend reflects significant asset accumulation and possible investments or acquisitions.
Total Asset Turnover Trends
The asset turnover ratio revealed fluctuating efficiency in asset utilization throughout the period. Initially, the ratio was relatively steady around 1.04 in 2005 and fluctuated between 0.5 and 1.22 in the subsequent years. A marked decline occurred between 2011 and 2012, dropping to as low as 0.33, indicating less efficient asset use during that period. Post-2012, the ratio gradually improved, reaching near 1.0 in 2022, and then declining slightly in 2023 and 2024 to 0.93 and 0.8 respectively. This suggests a rebound in operational efficiency after earlier declines, followed by a minor decrease in the most recent years.
Overall Insights
The company exhibited strong growth in revenue and assets over nearly two decades, highlighting expansion and investment. However, the volatility in revenue and particularly the asset turnover ratio indicates periods of fluctuating operational efficiency. The asset base grew steadily even when revenue experienced dips, suggesting possible strategic asset accumulation. The decrease in asset turnover in 2012 may indicate over-investment or lower operational activity during that time. Recent trends of declining revenue and asset turnover could merit further investigation into market conditions or internal management decisions affecting performance.

Comparison to Competitors

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

Microsoft Excel

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., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

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., total asset turnover, long-term trends, comparison to industry (information technology)

Microsoft Excel

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).