• Lam Research average quick ratio for 2023 was 1.99, a 4.74% decline from 2022.
• Lam Research average quick ratio for 2022 was 1.9, a 22.13% increase from 2021.
• Lam Research average quick ratio for 2021 was 2.44, a 16.72% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.