Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Lam Research Corp., asset turnover by geographic area

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
China 503.40 750.14 552.40 353.66 315.82 326.46
Korea 16.45 21.97 62.79 47.88 78.20 157.65
Taiwan 53.15 40.31 44.80 164.97 236.17 176.47
Japan 208.04 193.26 103.73 80.73 342.59 565.91
United States 1.22 0.90 0.59 0.77 0.80 1.05
Southeast Asia 3.99 5.47 7.28 18.94 111.12 210.33
Europe 12.36 9.17 5.97 3.84 4.88 7.87

Based on: 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).

Area activity ratio Geographic area The company
Area asset turnover China China area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Korea Korea area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Taiwan Taiwan area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Japan Japan area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
United States United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Southeast Asia Southeast Asia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Europe Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: China

Lam Research Corp.; China; area asset turnover calculation

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Revenue 4,462,663 5,411,502 5,137,886 3,083,916 2,161,440 1,784,436
Long-lived assets 8,865 7,214 9,301 8,720 6,844 5,466
Area Activity Ratio
Area asset turnover1 503.40 750.14 552.40 353.66 315.82 326.46

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 4,462,663 ÷ 8,865 = 503.40

Area activity ratio Geographic area The company
Area asset turnover China China area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Area Asset Turnover: Korea

Lam Research Corp.; Korea; area asset turnover calculation

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Revenue 3,551,742 4,037,467 3,924,685 2,391,257 2,205,348 3,832,798
Long-lived assets 215,898 183,809 62,502 49,943 28,200 24,312
Area Activity Ratio
Area asset turnover1 16.45 21.97 62.79 47.88 78.20 157.65

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 3,551,742 ÷ 215,898 = 16.45

Area activity ratio Geographic area The company
Area asset turnover Korea Korea area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Taiwan

Lam Research Corp.; Taiwan; area asset turnover calculation

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Revenue 3,477,862 2,936,482 2,117,999 1,906,223 1,596,261 1,397,978
Long-lived assets 65,432 72,845 47,279 11,555 6,759 7,922
Area Activity Ratio
Area asset turnover1 53.15 40.31 44.80 164.97 236.17 176.47

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 3,477,862 ÷ 65,432 = 53.15

Area activity ratio Geographic area The company
Area asset turnover Taiwan Taiwan area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Area Asset Turnover: Japan

Lam Research Corp.; Japan; area asset turnover calculation

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Revenue 1,758,364 1,624,573 1,363,907 954,743 1,969,869 1,882,799
Long-lived assets 8,452 8,406 13,149 11,826 5,750 3,327
Area Activity Ratio
Area asset turnover1 208.04 193.26 103.73 80.73 342.59 565.91

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,758,364 ÷ 8,452 = 208.04

Area activity ratio Geographic area The company
Area asset turnover Japan Japan area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: United States

Lam Research Corp.; United States; area asset turnover calculation

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Revenue 1,665,136 1,147,346 672,716 812,482 748,601 820,438
Long-lived assets 1,367,534 1,276,274 1,137,490 1,052,714 933,054 784,469
Area Activity Ratio
Area asset turnover1 1.22 0.90 0.59 0.77 0.80 1.05

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,665,136 ÷ 1,367,534 = 1.22

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Southeast Asia

Lam Research Corp.; Southeast Asia; area asset turnover calculation

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Revenue 1,354,471 1,357,648 945,478 587,638 615,813 781,360
Long-lived assets 339,415 248,029 129,881 31,027 5,542 3,715
Area Activity Ratio
Area asset turnover1 3.99 5.47 7.28 18.94 111.12 210.33

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,354,471 ÷ 339,415 = 3.99

Area activity ratio Geographic area The company
Area asset turnover Southeast Asia Southeast Asia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Europe

Lam Research Corp.; Europe; area asset turnover calculation

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
Selected Financial Data (US$ in thousands)
Revenue 1,158,278 712,021 463,479 308,477 356,227 577,189
Long-lived assets 93,732 77,658 77,661 80,297 72,928 73,336
Area Activity Ratio
Area asset turnover1 12.36 9.17 5.97 3.84 4.88 7.87

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,158,278 ÷ 93,732 = 12.36

Area activity ratio Geographic area The company
Area asset turnover Europe Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Revenue

Lam Research Corp., revenue by geographic area

US$ in thousands

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
China 4,462,663 5,411,502 5,137,886 3,083,916 2,161,440 1,784,436
Korea 3,551,742 4,037,467 3,924,685 2,391,257 2,205,348 3,832,798
Taiwan 3,477,862 2,936,482 2,117,999 1,906,223 1,596,261 1,397,978
Japan 1,758,364 1,624,573 1,363,907 954,743 1,969,869 1,882,799
United States 1,665,136 1,147,346 672,716 812,482 748,601 820,438
Southeast Asia 1,354,471 1,357,648 945,478 587,638 615,813 781,360
Europe 1,158,278 712,021 463,479 308,477 356,227 577,189
Total 17,428,516 17,227,039 14,626,150 10,044,736 9,653,559 11,076,998

Based on: 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).


Long-lived assets

Lam Research Corp., long-lived assets by geographic area

US$ in thousands

Microsoft Excel
Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019 Jun 24, 2018
China 8,865 7,214 9,301 8,720 6,844 5,466
Korea 215,898 183,809 62,502 49,943 28,200 24,312
Taiwan 65,432 72,845 47,279 11,555 6,759 7,922
Japan 8,452 8,406 13,149 11,826 5,750 3,327
United States 1,367,534 1,276,274 1,137,490 1,052,714 933,054 784,469
Southeast Asia 339,415 248,029 129,881 31,027 5,542 3,715
Europe 93,732 77,658 77,661 80,297 72,928 73,336
Total 2,099,328 1,874,235 1,477,263 1,246,082 1,059,077 902,547

Based on: 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).