Total Asset Turnover
since 2005
Calculation
Lam Research Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| 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: 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
- Revenue Trends
- Revenue exhibits a generally upward trajectory over the analyzed period, increasing from 1,502,453 thousand US dollars in mid-2005 to 18,435,591 thousand US dollars by mid-2025. There are notable fluctuations, including a significant dip in 2009 to 1,115,946 thousand, likely reflecting economic or business cycle impacts. Post-2009, revenue recovers strongly with consistent growth, peaking near 17,427,516 thousand in 2023, before experiencing a modest decline in 2024 to approximately 14,905,386 thousand, and then rising again towards 2025.
- Total Assets Trends
- Total assets increase considerably across the time frame, starting at 1,448,815 thousand US dollars in 2005 and reaching 21,345,260 thousand by 2025. This growth is not linear, revealing periods of rapid expansion such as between 2010 and 2012, where assets more than triple from roughly 2,487,392 to 8,004,652 thousand. After 2012, assets generally continue to rise steadily, with minor fluctuations but an overall positive growth pattern through 2025.
- Total Asset Turnover Ratio Analysis
- The total asset turnover ratio, reflecting efficiency in using assets to generate revenue, shows variability. Early years (2005-2007) reflect moderate to strong efficiency, with peaks around 1.22 in 2007. A marked decline occurs from 2007 through 2012, bottoming at 0.33 in 2012, indicating reduced asset utilization efficiency coinciding with the substantial asset base increase during this period. From 2013 onward, the ratio improves gradually, reaching around 1.00 in 2022, signaling better asset usage. However, slight declines to 0.93 in 2023 and 0.86 in 2025 suggest some oscillation but generally sustained relatively improved efficiency compared to the previous decade.
- Insights and Overall Interpretation
- The data indicates strong expansion in both revenue and assets, with the company investing heavily in asset growth, particularly noticeable between 2010 and 2012. The temporary reduction in asset turnover ratio during this period implies that asset growth outpaced revenue generation, affecting efficiency. Subsequent improvements in turnover ratios suggest efforts to optimize asset utilization. The fluctuations in revenue reflect sensitivity to broader economic or industry cycles but maintain an overall growth trend. The recent drop in revenue in 2024, followed by recovery, alongside stable though slightly lower turnover ratios, could recommend attention to maintaining asset productivity amidst ongoing expansion.
Comparison to Competitors
Lam Research Corp., total asset turnover, 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 29, 2025 | 0.86 | — | — | — | — | — | 0.76 | — | 1.17 | — | — |
| Jun 30, 2024 | 0.80 | 0.37 | 0.20 | 0.79 | 0.31 | 0.27 | 0.64 | 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 | 0.24 | 0.65 | 0.70 | 0.54 |
| Jun 26, 2022 | 1.00 | 0.35 | 0.24 | 0.96 | 0.45 | 0.35 | 0.73 | 0.46 | 0.61 | 0.90 | 0.74 |
| Jun 27, 2021 | 0.92 | 1.32 | 0.14 | 0.89 | 0.36 | 0.47 | 0.67 | 0.47 | 0.58 | 0.81 | 0.74 |
| Jun 28, 2020 | 0.69 | 1.09 | 0.26 | 0.77 | 0.31 | 0.51 | 0.63 | 0.40 | 0.63 | 0.66 | 0.75 |
| Jun 30, 2019 | 0.80 | 1.12 | 0.28 | 0.77 | 0.33 | 0.53 | 0.51 | 0.48 | 0.88 | 0.74 | 0.80 |
| Jun 24, 2018 | 0.89 | 1.42 | 0.30 | 0.97 | 0.42 | 0.55 | 0.72 | 0.70 | 0.86 | 0.70 | 0.92 |
| Jun 25, 2017 | 0.66 | 1.51 | 0.24 | 0.75 | 0.32 | 0.51 | 0.63 | 0.58 | 0.70 | 0.34 | 0.85 |
| Jun 26, 2016 | 0.48 | 1.29 | 0.43 | 0.74 | 0.26 | 0.52 | 0.60 | 0.45 | 0.68 | 0.45 | 0.81 |
| Jun 28, 2015 | 0.56 | 1.28 | 0.49 | 0.63 | 0.64 | 0.54 | 0.58 | 0.67 | 0.65 | 0.50 | 0.80 |
| Jun 29, 2014 | 0.58 | 1.46 | 0.42 | 0.69 | 0.41 | 0.61 | 0.53 | 0.73 | 0.57 | 0.55 | 0.74 |
| Jun 30, 2013 | 0.50 | 1.22 | 0.41 | 0.62 | 0.74 | 0.57 | 0.54 | 0.47 | 0.67 | 0.55 | 0.64 |
| Jun 24, 2012 | 0.33 | 1.36 | 0.48 | 0.72 | 0.83 | 0.63 | 0.62 | 0.57 | 0.72 | 0.44 | 0.64 |
| Jun 26, 2011 | 0.80 | 1.33 | 0.57 | 0.76 | 0.96 | 0.76 | 0.68 | 0.60 | 0.79 | 0.41 | 0.67 |
| Jun 27, 2010 | 0.86 | 1.31 | 0.64 | 0.87 | 0.97 | 0.69 | 0.47 | 0.58 | 0.93 | 0.36 | 1.04 |
| Jun 28, 2009 | 0.57 | 0.60 | 0.59 | 0.52 | 0.75 | 0.66 | 0.42 | 0.42 | 1.02 | 0.38 | 0.86 |
| Jun 29, 2008 | 0.88 | 0.76 | 0.84 | 0.74 | — | 0.74 | 0.52 | 0.43 | 1.09 | 0.45 | 1.05 |
| Jun 24, 2007 | 1.22 | 0.52 | 0.86 | 0.91 | — | 0.69 | 0.59 | 0.38 | 1.15 | 0.48 | 1.09 |
| Jun 25, 2006 | 0.71 | 0.43 | 0.65 | 0.97 | — | 0.73 | 0.45 | 0.43 | 1.24 | 0.49 | 1.02 |
| Jun 26, 2005 | 1.04 | 0.80 | 0.52 | 0.62 | — | 0.80 | 0.52 | 0.61 | 1.23 | 0.45 | 0.89 |
Based on: 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)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 29, 2025 | 0.86 | — |
| Jun 30, 2024 | 0.80 | 0.43 |
| Jun 25, 2023 | 0.93 | 0.43 |
| Jun 26, 2022 | 1.00 | 0.50 |
| Jun 27, 2021 | 0.92 | 0.53 |
| Jun 28, 2020 | 0.69 | 0.51 |
| Jun 30, 2019 | 0.80 | 0.55 |
| 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 | 0.68 |
| 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 | 0.69 |
| Jun 25, 2006 | 0.71 | 0.69 |
| Jun 26, 2005 | 1.04 | 0.73 |
Based on: 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)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Jun 29, 2025 | 0.86 | — |
| Jun 30, 2024 | 0.80 | 0.58 |
| Jun 25, 2023 | 0.93 | 0.61 |
| Jun 26, 2022 | 1.00 | 0.65 |
| 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 | 0.77 |
Based on: 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).