Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Total Asset Turnover 
since 2005

Microsoft Excel

Calculation

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

Microsoft Excel
Total asset turnover = Revenue1 ÷ Total assets1
Jun 28, 2026 0.99 = 23,232,690 ÷ 23,529,743
Jun 29, 2025 0.86 = 18,435,591 ÷ 21,345,260
Jun 30, 2024 0.80 = 14,905,386 ÷ 18,744,728
Jun 25, 2023 0.93 = 17,428,516 ÷ 18,781,643
Jun 26, 2022 1.00 = 17,227,039 ÷ 17,195,632
Jun 27, 2021 0.92 = 14,626,150 ÷ 15,892,152
Jun 28, 2020 0.69 = 10,044,736 ÷ 14,559,047
Jun 30, 2019 0.80 = 9,653,559 ÷ 12,001,333
Jun 24, 2018 0.89 = 11,076,998 ÷ 12,479,478
Jun 25, 2017 0.66 = 8,013,620 ÷ 12,122,765
Jun 26, 2016 0.48 = 5,885,893 ÷ 12,271,528
Jun 28, 2015 0.56 = 5,259,312 ÷ 9,364,648
Jun 29, 2014 0.58 = 4,607,309 ÷ 7,993,306
Jun 30, 2013 0.50 = 3,598,916 ÷ 7,250,315
Jun 24, 2012 0.33 = 2,665,192 ÷ 8,004,652
Jun 26, 2011 0.80 = 3,237,693 ÷ 4,057,394
Jun 27, 2010 0.86 = 2,133,776 ÷ 2,487,392
Jun 28, 2009 0.57 = 1,115,946 ÷ 1,951,871
Jun 29, 2008 0.88 = 2,474,911 ÷ 2,806,755
Jun 24, 2007 1.22 = 2,566,576 ÷ 2,101,605
Jun 25, 2006 0.71 = 1,642,171 ÷ 2,313,344
Jun 26, 2005 1.04 = 1,502,453 ÷ 1,448,815

Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 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

The total asset turnover ratio for the period between 2005 and 2026 demonstrates significant cyclicality, reflecting the volatility of revenue streams relative to the growth of the asset base.

Long-term Revenue and Asset Trajectory
Revenue grew from approximately 1.5 billion USD in 2005 to a projected 23.2 billion USD by 2026. Simultaneously, total assets expanded from 1.4 billion USD to 23.5 billion USD. While both metrics show an upward trajectory, the rate of growth has fluctuated, directly impacting the efficiency of asset utilization.
Period of Volatility and Efficiency Decline (2005–2012)
The asset turnover ratio exhibited extreme variance during this interval. After reaching a peak of 1.22 in 2007, the ratio declined sharply to 0.57 in 2009. The lowest point of efficiency occurred in 2012, where the ratio dropped to 0.33. This decline was primarily driven by a rapid expansion of total assets, which grew from 4.0 billion USD in 2011 to 8.0 billion USD in 2012, while revenue experienced a concurrent decrease.
Recovery and Optimization Phase (2013–2022)
A consistent recovery in asset turnover began after 2012. The ratio improved steadily from 0.50 in 2013 to 1.00 in 2022. This period suggests a successful synchronization where revenue growth began to outpace or match asset accumulation, indicating improved operational efficiency and better utilization of the expanded capital base.
Recent Trends and Projected Performance (2023–2026)
Current and projected data indicate a stabilization of the turnover ratio. After a slight dip to 0.80 in 2024, the ratio is projected to climb back to 0.99 by 2026. This suggests a return to a high-efficiency state where the company generates nearly one dollar of revenue for every dollar of assets employed.

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Comparison to Competitors

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

Microsoft Excel
Lam Research Corp. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. Intel Corp. KLA Corp. Marvell Technology Inc. Micron Technology Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Jun 28, 2026 0.99 — — — — — 0.76 0.37 — 1.04 — —
Jun 29, 2025 0.86 0.45 0.23 0.78 0.37 0.25 0.76 0.29 0.45 1.17 0.88 0.51
Jun 30, 2024 0.80 0.37 0.20 0.79 0.31 0.27 0.64 0.26 0.36 0.93 0.71 0.44
Jun 25, 2023 0.93 0.33 0.25 0.86 0.49 0.28 0.75 0.26 0.24 0.65 0.70 0.54
Jun 26, 2022 1.00 0.35 0.24 0.96 0.45 0.35 0.73 0.20 0.46 0.61 0.90 0.74
Jun 27, 2021 0.92 1.32 0.14 0.89 0.36 0.47 0.67 0.28 0.47 0.58 0.81 0.74
Jun 28, 2020 0.69 1.09 0.26 0.77 0.31 0.51 0.63 0.24 0.40 0.63 0.66 0.75
Jun 30, 2019 0.80 1.12 0.28 0.77 0.33 0.53 0.51 0.29 0.48 0.88 0.74 0.80
Jun 24, 2018 0.89 1.42 0.30 0.97 0.42 0.55 0.72 0.51 0.70 0.86 0.70 0.92
Jun 25, 2017 0.66 1.51 0.24 0.75 0.32 0.51 0.63 0.50 0.58 0.70 0.34 0.85
Jun 26, 2016 0.48 1.29 0.43 0.74 0.26 0.52 0.60 0.50 0.45 0.68 0.45 0.81
Jun 28, 2015 0.56 1.28 0.49 0.63 0.64 0.54 0.58 0.63 0.67 0.65 0.50 0.80
Jun 29, 2014 0.58 1.46 0.42 0.69 0.41 0.61 0.53 0.62 0.73 0.57 0.55 0.74
Jun 30, 2013 0.50 1.22 0.41 0.62 0.74 0.57 0.54 0.60 0.47 0.67 0.55 0.64
Jun 24, 2012 0.33 1.36 0.48 0.72 0.83 0.63 0.62 0.59 0.57 0.72 0.44 0.64
Jun 26, 2011 0.80 1.33 0.57 0.76 0.96 0.76 0.68 0.57 0.60 0.79 0.41 0.67
Jun 27, 2010 0.86 1.31 0.64 0.87 0.97 0.69 0.47 0.54 0.58 0.93 0.36 1.04
Jun 28, 2009 0.57 0.60 0.59 0.52 0.75 0.66 0.42 0.67 0.42 1.02 0.38 0.86
Jun 29, 2008 0.88 0.76 0.84 0.74 — 0.74 0.52 0.64 0.43 1.09 0.45 1.05
Jun 24, 2007 1.22 0.52 0.86 0.91 — 0.69 0.59 0.49 0.38 1.15 0.48 1.09
Jun 25, 2006 0.71 0.43 0.65 0.97 — 0.73 0.45 0.48 0.43 1.24 0.49 1.02
Jun 26, 2005 1.04 0.80 0.52 0.62 — 0.80 0.52 0.44 0.61 1.23 0.45 0.89

Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 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
Lam Research Corp. Semiconductors & Semiconductor Equipment
Jun 28, 2026 0.99 —
Jun 29, 2025 0.86 0.52
Jun 30, 2024 0.80 0.42
Jun 25, 2023 0.93 0.43
Jun 26, 2022 1.00 0.49
Jun 27, 2021 0.92 0.52
Jun 28, 2020 0.69 0.50
Jun 30, 2019 0.80 0.54
Jun 24, 2018 0.89 0.63
Jun 25, 2017 0.66 0.49
Jun 26, 2016 0.48 0.50
Jun 28, 2015 0.56 0.58
Jun 29, 2014 0.58 0.62
Jun 30, 2013 0.50 0.58
Jun 24, 2012 0.33 0.60
Jun 26, 2011 0.80 0.67
Jun 27, 2010 0.86 0.68
Jun 28, 2009 0.57 0.59
Jun 29, 2008 0.88 0.69
Jun 24, 2007 1.22 0.68
Jun 25, 2006 0.71 0.68
Jun 26, 2005 1.04 0.73

Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 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
Lam Research Corp. Information Technology
Jun 28, 2026 0.99 —
Jun 29, 2025 0.86 0.60
Jun 30, 2024 0.80 0.58
Jun 25, 2023 0.93 0.61
Jun 26, 2022 1.00 0.64
Jun 27, 2021 0.92 0.62
Jun 28, 2020 0.69 0.58
Jun 30, 2019 0.80 0.59
Jun 24, 2018 0.89 0.59
Jun 25, 2017 0.66 0.51
Jun 26, 2016 0.48 0.55
Jun 28, 2015 0.56 0.63
Jun 29, 2014 0.58 0.64
Jun 30, 2013 0.50 0.66
Jun 24, 2012 0.33 0.70
Jun 26, 2011 0.80 0.73
Jun 27, 2010 0.86 0.72
Jun 28, 2009 0.57 0.69
Jun 29, 2008 0.88 0.79
Jun 24, 2007 1.22 0.76
Jun 25, 2006 0.71 0.75
Jun 26, 2005 1.04 0.76

Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 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).