Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Lam Research Corp. (NASDAQ:LRCX)

Analysis of Long-term (Investment) Activity Ratios

Beginner level

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

Lam Research Corp., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017 Jun 26, 2016 Jun 28, 2015
Net fixed asset turnover 9.37 9.12 12.27 11.69 9.20 8.46
Net fixed asset turnover (including operating lease, right-of-use asset) 8.06 9.12 12.27 11.69 9.20 8.46
Total asset turnover 0.69 0.80 0.89 0.66 0.48 0.56
Equity turnover 1.94 2.07 1.70 1.18 1.00 1.03

Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Lam Research Corp.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Lam Research Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Lam Research Corp.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Lam Research Corp.’s equity turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Net Fixed Asset Turnover

Lam Research Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017 Jun 26, 2016 Jun 28, 2015
Selected Financial Data (US$ in thousands)
Revenue 10,044,736  9,653,559  11,076,998  8,013,620  5,885,893  5,259,312 
Property and equipment, net 1,071,499  1,059,077  902,547  685,595  639,608  621,418 
Long-term Activity Ratio
Net fixed asset turnover1 9.37 9.12 12.27 11.69 9.20 8.46
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 15.23 13.46 18.61 20.42 26.05 —
Analog Devices Inc. 5.00 4.91 5.37 4.61 5.38 5.33
Apple Inc. 7.47 6.96 6.43 6.79 7.98 10.40
Applied Materials Inc. 10.72 9.55 12.26 13.64 11.55 10.83
Broadcom Inc. 9.52 8.81 7.91 6.79 5.28 4.67
Cisco Systems Inc. 20.10 18.61 16.41 14.45 14.05 14.75
Intel Corp. 1.38 1.30 1.45 1.53 1.64 —
Micron Technology Inc. 0.69 0.83 1.28 1.05 0.84 1.53
NVIDIA Corp. 6.52 8.34 9.74 13.26 10.75 —
Qualcomm Inc. 6.34 7.88 7.64 6.93 10.21 9.98
Texas Instruments Inc. 4.42 4.35 4.96 5.62 5.32 —
Net Fixed Asset Turnover, Sector
Technology Hardware & Equipment 3.78 3.74 4.03 4.15 4.55 —
Net Fixed Asset Turnover, Industry
Technology 3.27 3.38 3.69 3.99 4.42 —

Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).

1 2020 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 10,044,736 ÷ 1,071,499 = 9.37

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Lam Research Corp.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Lam Research Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017 Jun 26, 2016 Jun 28, 2015
Selected Financial Data (US$ in thousands)
Revenue 10,044,736  9,653,559  11,076,998  8,013,620  5,885,893  5,259,312 
 
Property and equipment, net 1,071,499  1,059,077  902,547  685,595  639,608  621,418 
Operating lease right-of-use assets (included in Other assets) 174,583  —  —  —  —  — 
Property and equipment, net (including operating lease, right-of-use asset) 1,246,082  1,059,077  902,547  685,595  639,608  621,418 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 8.06 9.12 12.27 11.69 9.20 8.46
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 11.50 9.55 18.61 20.42 26.05 —
Analog Devices Inc. 4.07 4.91 5.37 4.61 5.38 5.33
Apple Inc. 6.06 6.96 6.43 6.79 7.98 10.40
Applied Materials Inc. 9.27 9.55 12.26 13.64 11.55 10.83
Broadcom Inc. 7.71 8.81 7.91 6.79 5.28 4.67
Cisco Systems Inc. 14.61 18.61 16.41 14.45 14.05 14.75
Intel Corp. 1.36 1.28 1.45 1.53 1.64 —
Micron Technology Inc. 0.68 0.83 1.28 1.05 0.84 1.53
NVIDIA Corp. 4.76 8.34 9.74 13.26 10.75 —
Qualcomm Inc. 5.64 7.88 7.64 6.93 10.21 9.98
Texas Instruments Inc. 4.03 3.95 4.96 5.62 5.32 —
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Technology Hardware & Equipment 3.45 3.71 4.03 4.15 4.55 —
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Technology 2.81 3.04 3.60 3.99 4.42 —

Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).

1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 10,044,736 ÷ 1,246,082 = 8.06

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Lam Research Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.

Total Asset Turnover

Lam Research Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017 Jun 26, 2016 Jun 28, 2015
Selected Financial Data (US$ in thousands)
Revenue 10,044,736  9,653,559  11,076,998  8,013,620  5,885,893  5,259,312 
Total assets 14,559,047  12,001,333  12,479,478  12,122,765  12,271,528  9,364,648 
Long-term Activity Ratio
Total asset turnover1 0.69 0.80 0.89 0.66 0.48 0.56
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 1.09 1.12 1.42 1.51 1.29 —
Analog Devices Inc. 0.26 0.28 0.30 0.24 0.43 0.49
Apple Inc. 0.85 0.77 0.73 0.61 0.67 0.80
Applied Materials Inc. 0.77 0.77 0.97 0.75 0.74 0.63
Broadcom Inc. 0.31 0.33 0.42 0.32 0.26 0.64
Cisco Systems Inc. 0.52 0.53 0.45 0.37 0.40 0.43
Intel Corp. 0.51 0.53 0.55 0.51 0.52 —
Micron Technology Inc. 0.40 0.48 0.70 0.58 0.45 0.67
NVIDIA Corp. 0.63 0.88 0.86 0.70 0.68 —
Qualcomm Inc. 0.66 0.74 0.70 0.34 0.45 0.50
Texas Instruments Inc. 0.75 0.80 0.92 0.85 0.81 —
Total Asset Turnover, Sector
Technology Hardware & Equipment 0.64 0.64 0.65 0.52 0.56 —
Total Asset Turnover, Industry
Technology 0.55 0.56 0.57 0.49 0.53 —

Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).

1 2020 Calculation
Total asset turnover = Revenue ÷ Total assets
= 10,044,736 ÷ 14,559,047 = 0.69

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Lam Research Corp.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Equity Turnover

Lam Research Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 28, 2020 Jun 30, 2019 Jun 24, 2018 Jun 25, 2017 Jun 26, 2016 Jun 28, 2015
Selected Financial Data (US$ in thousands)
Revenue 10,044,736  9,653,559  11,076,998  8,013,620  5,885,893  5,259,312 
Stockholders’ equity 5,172,494  4,673,865  6,501,851  6,817,451  5,894,517  5,103,144 
Long-term Activity Ratio
Equity turnover1 1.94 2.07 1.70 1.18 1.00 1.03
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 1.67 2.38 5.11 8.72 10.27 —
Analog Devices Inc. 0.47 0.51 0.56 0.50 0.66 0.68
Apple Inc. 4.20 2.88 2.48 1.71 1.68 1.96
Applied Materials Inc. 1.63 1.78 2.52 1.55 1.50 1.27
Broadcom Inc. 1.00 0.91 0.78 0.87 0.70 1.45
Cisco Systems Inc. 1.30 1.55 1.14 0.73 0.77 0.82
Intel Corp. 0.96 0.93 0.95 0.91 0.90 —
Micron Technology Inc. 0.55 0.65 0.94 1.09 1.03 1.32
NVIDIA Corp. 0.89 1.25 1.30 1.20 1.12 —
Qualcomm Inc. 3.87 4.94 24.50 0.73 0.74 0.80
Texas Instruments Inc. 1.57 1.61 1.75 1.45 1.28 —
Equity Turnover, Sector
Technology Hardware & Equipment 1.75 1.65 1.61 1.19 1.17 —
Equity Turnover, Industry
Technology 1.28 1.30 1.30 1.09 1.07 —

Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).

1 2020 Calculation
Equity turnover = Revenue ÷ Stockholders’ equity
= 10,044,736 ÷ 5,172,494 = 1.94

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Lam Research Corp.’s equity turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.