Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

KLA Corp., adjusted financial ratios

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Activity Ratio
Total Asset Turnover
Reported	0.64	0.75	0.73	0.67	0.63	0.51
Adjusted	0.71	0.81	0.79	0.69	0.65	0.53
Liquidity Ratio
Current Ratio
Reported	2.15	2.24	2.50	2.71	2.78	2.44
Adjusted	3.17	3.14	3.62	3.75	4.19	3.38
Solvency Ratios
Debt to Equity
Reported	1.97	2.02	4.75	1.02	1.30	1.29
Adjusted	1.43	1.55	2.70	0.80	0.94	0.93
Debt to Capital
Reported	0.66	0.67	0.83	0.50	0.57	0.56
Adjusted	0.59	0.61	0.73	0.44	0.49	0.48
Financial Leverage
Reported	4.58	4.82	8.99	3.04	3.48	3.39
Adjusted	3.06	3.40	4.80	2.26	2.39	2.36
Profitability Ratios
Net Profit Margin
Reported	28.15%	32.27%	36.06%	30.04%	20.96%	25.73%
Adjusted	30.40%	30.50%	35.16%	29.53%	20.27%	27.62%
Return on Equity (ROE)
Reported	82.00%	116.01%	237.04%	61.53%	45.65%	44.21%
Adjusted	66.18%	83.72%	133.98%	46.02%	31.54%	34.66%
Return on Assets (ROA)
Reported	17.90%	24.07%	26.37%	20.23%	13.11%	13.05%
Adjusted	21.62%	24.64%	27.90%	20.40%	13.18%	14.69%

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	KLA Corp. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	KLA Corp. adjusted current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	KLA Corp. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	KLA Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	KLA Corp. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	KLA Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	KLA Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	KLA Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

KLA Corp., Financial Ratios: Reported vs. Adjusted

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	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Revenues	9,812,247)	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)
Total assets	15,433,566)	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)
Activity Ratio
Total asset turnover¹	0.64	0.75	0.73	0.67	0.63	0.51
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted revenues²	10,349,482)	10,733,739)	9,551,504)	6,920,382)	5,884,690)	4,735,860)
Adjusted total assets³	14,551,107)	13,289,090)	12,038,546)	10,018,699)	9,054,985)	8,905,560)
Activity Ratio
Adjusted total asset turnover⁴	0.71	0.81	0.79	0.69	0.65	0.53

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Total asset turnover = Revenues ÷ Total assets
= 9,812,247 ÷ 15,433,566 = 0.64

² Adjusted revenues. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 10,349,482 ÷ 14,551,107 = 0.71

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	KLA Corp. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Current assets	10,031,144)	8,372,032)	7,168,911)	5,696,248)	4,723,545)	4,315,075)
Current liabilities	4,660,774)	3,742,842)	2,871,083)	2,103,227)	1,699,786)	1,768,486)
Liquidity Ratio
Current ratio¹	2.15	2.24	2.50	2.71	2.78	2.44
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets²	10,063,926)	8,405,664)	7,189,542)	5,714,284)	4,735,367)	4,327,076)
Adjusted current liabilities³	3,172,992)	2,674,516)	1,988,377)	1,523,099)	1,130,056)	1,279,469)
Liquidity Ratio
Adjusted current ratio⁴	3.17	3.14	3.62	3.75	4.19	3.38

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,031,144 ÷ 4,660,774 = 2.15

² Adjusted current assets. See details »

³ Adjusted current liabilities. See details »

⁴ 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 10,063,926 ÷ 3,172,992 = 3.17

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	KLA Corp. adjusted current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Total debt	6,630,135)	5,890,736)	6,660,718)	3,442,767)	3,469,670)	3,423,382)
Total KLA stockholders’ equity	3,368,328)	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)
Solvency Ratio
Debt to equity¹	1.97	2.02	4.75	1.02	1.30	1.29
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	6,819,643)	6,063,132)	6,774,305)	3,545,828)	3,569,549)	3,514,566)
Adjusted total stockholders’ equity³	4,754,753)	3,910,738)	2,506,809)	4,441,543)	3,783,118)	3,773,819)
Solvency Ratio
Adjusted debt to equity⁴	1.43	1.55	2.70	0.80	0.94	0.93

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Debt to equity = Total debt ÷ Total KLA stockholders’ equity
= 6,630,135 ÷ 3,368,328 = 1.97

² Adjusted total debt. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 6,819,643 ÷ 4,754,753 = 1.43

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	KLA Corp. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Total debt	6,630,135)	5,890,736)	6,660,718)	3,442,767)	3,469,670)	3,423,382)
Total capital	9,998,463)	8,810,489)	8,062,069)	6,820,321)	6,135,094)	6,082,490)
Solvency Ratio
Debt to capital¹	0.66	0.67	0.83	0.50	0.57	0.56
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	6,819,643)	6,063,132)	6,774,305)	3,545,828)	3,569,549)	3,514,566)
Adjusted total capital³	11,574,396)	9,973,870)	9,281,114)	7,987,371)	7,352,667)	7,288,385)
Solvency Ratio
Adjusted debt to capital⁴	0.59	0.61	0.73	0.44	0.49	0.48

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 6,630,135 ÷ 9,998,463 = 0.66

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 6,819,643 ÷ 11,574,396 = 0.59

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	KLA Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Total assets	15,433,566)	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)
Total KLA stockholders’ equity	3,368,328)	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)
Solvency Ratio
Financial leverage¹	4.58	4.82	8.99	3.04	3.48	3.39
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	14,551,107)	13,289,090)	12,038,546)	10,018,699)	9,054,985)	8,905,560)
Adjusted total stockholders’ equity³	4,754,753)	3,910,738)	2,506,809)	4,441,543)	3,783,118)	3,773,819)
Solvency Ratio
Adjusted financial leverage⁴	3.06	3.40	4.80	2.26	2.39	2.36

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Financial leverage = Total assets ÷ Total KLA stockholders’ equity
= 15,433,566 ÷ 3,368,328 = 4.58

² Adjusted total assets. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 14,551,107 ÷ 4,754,753 = 3.06

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	KLA Corp. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)
Revenues	9,812,247)	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)
Profitability Ratio
Net profit margin¹	28.15%	32.27%	36.06%	30.04%	20.96%	25.73%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	3,146,669)	3,274,012)	3,358,582)	2,043,810)	1,193,025)	1,307,899)
Adjusted revenues³	10,349,482)	10,733,739)	9,551,504)	6,920,382)	5,884,690)	4,735,860)
Profitability Ratio
Adjusted net profit margin⁴	30.40%	30.50%	35.16%	29.53%	20.27%	27.62%

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Net profit margin = 100 × Net income attributable to KLA ÷ Revenues
= 100 × 2,761,896 ÷ 9,812,247 = 28.15%

² Adjusted net income. See details »

³ Adjusted revenues. See details »

⁴ 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 3,146,669 ÷ 10,349,482 = 30.40%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	KLA Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)
Total KLA stockholders’ equity	3,368,328)	2,919,753)	1,401,351)	3,377,554)	2,665,424)	2,659,108)
Profitability Ratio
ROE¹	82.00%	116.01%	237.04%	61.53%	45.65%	44.21%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	3,146,669)	3,274,012)	3,358,582)	2,043,810)	1,193,025)	1,307,899)
Adjusted total stockholders’ equity³	4,754,753)	3,910,738)	2,506,809)	4,441,543)	3,783,118)	3,773,819)
Profitability Ratio
Adjusted ROE⁴	66.18%	83.72%	133.98%	46.02%	31.54%	34.66%

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
ROE = 100 × Net income attributable to KLA ÷ Total KLA stockholders’ equity
= 100 × 2,761,896 ÷ 3,368,328 = 82.00%

² Adjusted net income. See details »

³ Adjusted total stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total stockholders’ equity
= 100 × 3,146,669 ÷ 4,754,753 = 66.18%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	KLA Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to KLA	2,761,896)	3,387,277)	3,321,807)	2,078,292)	1,216,785)	1,175,617)
Total assets	15,433,566)	14,072,357)	12,597,088)	10,271,124)	9,279,960)	9,008,516)
Profitability Ratio
ROA¹	17.90%	24.07%	26.37%	20.23%	13.11%	13.05%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	3,146,669)	3,274,012)	3,358,582)	2,043,810)	1,193,025)	1,307,899)
Adjusted total assets³	14,551,107)	13,289,090)	12,038,546)	10,018,699)	9,054,985)	8,905,560)
Profitability Ratio
Adjusted ROA⁴	21.62%	24.64%	27.90%	20.40%	13.18%	14.69%

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
ROA = 100 × Net income attributable to KLA ÷ Total assets
= 100 × 2,761,896 ÷ 15,433,566 = 17.90%

² Adjusted net income. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 3,146,669 ÷ 14,551,107 = 21.62%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	KLA Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

KLA Corp. (NASDAQ:KLAC)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

KLA Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)