Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Common-Size Balance Sheet: Assets

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Lam Research Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
Cash and cash equivalents
Accounts receivable, less allowance
Inventories
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Goodwill
Intangible assets, net
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2024-06-30), 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).


Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets decreased from 30.48% in June 2019 to a low of 20.48% in June 2022. Subsequently, it rebounded to 31.2% by June 2024, indicating a recovery in liquidity holdings after a notable decline.
Accounts receivable, less allowance
Accounts receivable showed a rising trend from 12.13% in June 2019, peaking at 25.09% in June 2022. Thereafter, it declined significantly to 13.44% by June 2024, suggesting changes in credit terms, collection efficiency, or sales composition in the latter periods.
Inventories
The inventory proportion increased steadily from 12.83% in June 2019 to a peak of 25.64% in June 2023. A slight decrease followed, with inventories representing 22.5% of total assets in June 2024. This pattern may imply accumulation of stock or strategic inventory build-up through 2023, with some reduction thereafter.
Prepaid expenses and other current assets
There was a marked decline in prepaid expenses and other current assets from 15.89% in June 2019 to a low of approximately 1.34% in June 2023. A minor increase to 1.59% occurred by June 2024, indicating a reduction in this asset category's relative significance over time.
Current assets
Current assets as a percentage of total assets remained relatively stable, fluctuating mildly between 70.43% and 74.55% from 2019 through 2023, before declining slightly to 68.73% in June 2024. This reflects a consistent emphasis on maintaining a high proportion of current assets, with a mild shift toward long-term assets in the final year.
Property and equipment, net
The net property and equipment category exhibited a gradual increase over the period, rising from 8.82% in June 2019 to 11.49% in June 2024. This suggests ongoing investment or asset capitalization in fixed assets.
Goodwill
Goodwill declined steadily from 12.37% of total assets in June 2019 to around 8.68% in June 2024, indicating possible amortization, impairment, or lack of new goodwill acquisitions during the period.
Intangible assets, net
Intangible assets as a share of total assets decreased from 1.81% in June 2019 to a low of 0.59% in June 2022. A modest increase to 0.9% occurred in June 2023, followed by a slight reduction to 0.74% in June 2024, reflecting relatively minor fluctuations in intangible asset holdings.
Other assets
Other assets showed a consistent upward trend, increasing from 5.67% in June 2019 to 10.36% in June 2024, thereby contributing more significantly to the total asset composition over time.
Long-term assets
The total long-term assets percentage increased steadily from 28.67% in June 2019 to 31.27% in June 2024. This reinforces the observation of a gradual shift from current to long-term asset holdings.
Total assets
By definition, total assets remained constant at 100% throughout the reported periods, serving as the base for all percentages reported.