Analysis of Long-term (Investment) Activity Ratios
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)
KLA Corp., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | KLA Corp. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| 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). | KLA Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | KLA Corp. total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | KLA Corp. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
KLA Corp., net fixed asset turnover calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| 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) | |
| Land, property and equipment, net | 1,109,968) | 1,031,841) | 849,929) | 663,027) | 519,824) | 448,799) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 8.84 | 10.17 | 10.84 | 10.44 | 11.17 | 10.18 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 14.27 | 15.60 | 23.41 | 15.23 | 13.46 | |
| Analog Devices Inc. | 2.76 | 3.82 | 5.00 | 3.70 | 5.00 | 4.91 | |
| Applied Materials Inc. | 8.14 | 9.37 | 11.18 | 11.93 | 10.72 | 9.55 | |
| Broadcom Inc. | 20.46 | 16.63 | 14.94 | 11.69 | 9.52 | 8.81 | |
| Intel Corp. | — | 0.56 | 0.78 | 1.25 | 1.38 | 1.30 | |
| Lam Research Corp. | 6.92 | 9.39 | 10.46 | 11.22 | 9.37 | 9.12 | |
| Micron Technology Inc. | 0.63 | 0.41 | 0.80 | 0.83 | 0.69 | 0.83 | |
| Monolithic Power Systems Inc. | — | 4.94 | 5.02 | 3.33 | 3.00 | 2.75 | |
| NVIDIA Corp. | 15.57 | 7.09 | 9.69 | 7.76 | 6.52 | 8.34 | |
| Qualcomm Inc. | 8.35 | 7.10 | 8.55 | 7.36 | 6.34 | 7.88 | |
| Texas Instruments Inc. | — | 1.75 | 2.91 | 3.57 | 4.42 | 4.35 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.66 | 2.11 | 2.32 | 2.13 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | — | 3.78 | 4.44 | 4.74 | 4.57 | — | |
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 fixed asset turnover = Revenues ÷ Land, property and equipment, net
= 9,812,247 ÷ 1,109,968 = 8.84
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. | KLA Corp. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
KLA Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| 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) | |
| Land, property and equipment, net | 1,109,968) | 1,031,841) | 849,929) | 663,027) | 519,824) | 448,799) | |
| Operating lease ROU assets | 231,812) | 208,706) | 126,444) | 102,883) | 100,790) | —) | |
| Land, property and equipment, net (including operating lease, right-of-use asset) | 1,341,780) | 1,240,547) | 976,373) | 765,910) | 620,614) | 448,799) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.31 | 8.46 | 9.43 | 9.03 | 9.36 | 10.18 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 10.21 | 11.96 | 15.37 | 11.50 | 9.55 | |
| Analog Devices Inc. | 2.58 | 3.52 | 4.51 | 3.24 | 4.07 | 4.91 | |
| Applied Materials Inc. | 7.32 | 8.28 | 9.56 | 10.35 | 9.27 | 9.55 | |
| Broadcom Inc. | 13.41 | 13.69 | 12.12 | 9.35 | 7.71 | 8.81 | |
| Intel Corp. | — | 0.56 | 0.78 | 1.24 | 1.36 | 1.28 | |
| Lam Research Corp. | 6.05 | 8.30 | 9.19 | 9.90 | 8.06 | 9.12 | |
| Micron Technology Inc. | 0.62 | 0.40 | 0.78 | 0.82 | 0.68 | 0.83 | |
| Monolithic Power Systems Inc. | — | 4.83 | 4.96 | 3.27 | 2.96 | 2.72 | |
| NVIDIA Corp. | 11.58 | 5.57 | 7.46 | 5.84 | 4.76 | 8.34 | |
| Qualcomm Inc. | 7.24 | 6.34 | 7.62 | 6.62 | 5.64 | 7.88 | |
| Texas Instruments Inc. | — | 1.66 | 2.74 | 3.27 | 4.03 | 3.95 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.61 | 2.04 | 2.23 | 2.05 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | — | 3.31 | 3.84 | 4.03 | 3.87 | — | |
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 fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Land, property and equipment, net (including operating lease, right-of-use asset)
= 9,812,247 ÷ 1,341,780 = 7.31
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). | KLA Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Total Asset Turnover
KLA Corp., total asset turnover calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| 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) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.64 | 0.75 | 0.73 | 0.67 | 0.63 | 0.51 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.33 | 0.35 | 1.32 | 1.09 | 1.12 | |
| Analog Devices Inc. | 0.20 | 0.25 | 0.24 | 0.14 | 0.26 | 0.28 | |
| Applied Materials Inc. | 0.79 | 0.86 | 0.96 | 0.89 | 0.77 | 0.77 | |
| Broadcom Inc. | 0.31 | 0.49 | 0.45 | 0.36 | 0.31 | 0.33 | |
| Intel Corp. | — | 0.28 | 0.35 | 0.47 | 0.51 | 0.53 | |
| Lam Research Corp. | 0.80 | 0.93 | 1.00 | 0.92 | 0.69 | 0.80 | |
| Micron Technology Inc. | 0.36 | 0.24 | 0.46 | 0.47 | 0.40 | 0.48 | |
| Monolithic Power Systems Inc. | — | 0.75 | 0.87 | 0.76 | 0.70 | 0.66 | |
| NVIDIA Corp. | 0.93 | 0.65 | 0.61 | 0.58 | 0.63 | 0.88 | |
| Qualcomm Inc. | 0.71 | 0.70 | 0.90 | 0.81 | 0.66 | 0.74 | |
| Texas Instruments Inc. | — | 0.54 | 0.74 | 0.74 | 0.75 | 0.80 | |
| Total Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.44 | 0.50 | 0.53 | 0.51 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | — | 0.61 | 0.65 | 0.62 | 0.58 | — | |
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 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. | KLA Corp. total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Equity Turnover
KLA Corp., equity turnover calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| 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 KLA stockholders’ equity | 3,368,328) | 2,919,753) | 1,401,351) | 3,377,554) | 2,665,424) | 2,659,108) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 2.91 | 3.59 | 6.57 | 2.05 | 2.18 | 1.72 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.41 | 0.43 | 2.19 | 1.67 | 2.38 | |
| Analog Devices Inc. | 0.27 | 0.35 | 0.33 | 0.19 | 0.47 | 0.51 | |
| Applied Materials Inc. | 1.43 | 1.62 | 2.11 | 1.88 | 1.63 | 1.78 | |
| Broadcom Inc. | 0.76 | 1.49 | 1.46 | 1.10 | 1.00 | 0.91 | |
| Intel Corp. | — | 0.51 | 0.62 | 0.83 | 0.96 | 0.93 | |
| Lam Research Corp. | 1.75 | 2.12 | 2.74 | 2.43 | 1.94 | 2.07 | |
| Micron Technology Inc. | 0.56 | 0.35 | 0.62 | 0.63 | 0.55 | 0.65 | |
| Monolithic Power Systems Inc. | — | 0.89 | 1.08 | 0.97 | 0.87 | 0.81 | |
| NVIDIA Corp. | 1.42 | 1.22 | 1.01 | 0.99 | 0.89 | 1.25 | |
| Qualcomm Inc. | 1.48 | 1.66 | 2.45 | 3.37 | 3.87 | 4.94 | |
| Texas Instruments Inc. | — | 1.04 | 1.37 | 1.38 | 1.57 | 1.61 | |
| Equity Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.78 | 0.89 | 1.00 | 1.06 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | — | 1.57 | 1.74 | 1.80 | 1.82 | — | |
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
Equity turnover = Revenues ÷ Total KLA stockholders’ equity
= 9,812,247 ÷ 3,368,328 = 2.91
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. | KLA Corp. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |