Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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KLA Corp., common-size consolidated balance sheet: assets (quarterly data)

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Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Other current assets
Current assets
Land, property and equipment, net
Goodwill, net
Deferred income taxes
Purchased intangible assets, net
Other non-current assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).


Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets displayed some fluctuation but remained generally stable over the analyzed periods. It increased from around 10.7% at the end of September 2019 to a peak near 14.6% in late 2020 and early 2021, before settling around 12-13% in more recent quarters.
Marketable Securities
This category showed a steady increase as a percentage of total assets, rising from approximately 8.3% in September 2019 to a peak exceeding 16% in the March through June 2024 quarters, indicating an increasing allocation toward liquid investment instruments within the asset base.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets fluctuated moderately, generally ranging between 11% and 16%. There was a notable peak around 16.6% in late 2022, followed by a decline and moderate rebound. This suggests varying levels of credit sales or collection efficiency over time.
Inventories
The inventory proportion exhibited a clear increasing trend, rising from about 13.6% of total assets in September 2019 to a peak near 21-21.3% in mid-2023, afterward maintaining levels close to 20%. This pattern may reflect growth in production capacity or stockpiling in anticipation of demand.
Other Current Assets
Other current assets maintained a relatively narrow range from roughly 2.8% to 4.5% of total assets, with a slight upward tendency beginning late in the sample period.
Current Assets (Aggregate)
Aggregated current assets steadily increased from just under 47.2% at September 2019 to above 66% of total assets by mid-2025. This trend highlights a growing emphasis on liquid and short-term assets within the overall asset structure.
Land, Property and Equipment, Net
The share of land, property, and equipment showed gradual growth, moving from about 5.15% of total assets to close to 7.8%, suggesting ongoing capital investment over the observed period.
Goodwill, Net
Goodwill as a percentage of total assets showed a consistent decline, nearly halving from around 24.5% in late 2019 to approximately 11% by mid-2025. This reduction may indicate amortization, impairment, or disposals of acquired goodwill values.
Deferred Income Taxes
Deferred income taxes fluctuated but generally increased, expanding from about 2.35% to nearly 6.9% of total assets. This rise suggests growing deferred tax liabilities or assets on the balance sheet.
Purchased Intangible Assets, Net
Purchased intangible assets decreased steadily from nearly 16.8% of total assets to under 3% by mid-2025, mirroring the decline in goodwill and reflecting possible amortization or disposals.
Other Non-Current Assets
Other non-current assets were relatively stable, fluctuating between approximately 3.7% and 4.9% over the period with a slight upward bias toward the end of the range.
Non-Current Assets (Aggregate)
The proportion of non-current assets declined noticeably from over 52.8% at the beginning of the period to about 33.4% by the latest quarter, indicating a strategic shift in asset composition toward current assets.
Overall Asset Composition
Over the examined timeframe, total assets naturally represent 100%. However, the internal composition shifted markedly, with current assets growing significantly while non-current assets correspondingly decreased. This dynamic reflects a pivot in asset structure, possibly toward improved liquidity and short-term financial flexibility.