Advanced Energy Industries Inc (AEIS)
Return on assets (ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 128,284 | 134,527 | 175,973 | 193,803 | 199,660 | 195,570 | 142,407 | 132,846 | 134,736 | 136,922 | 161,545 | 155,280 | 134,675 | 103,098 | 65,092 | 67,634 | 64,941 | 74,083 | 101,241 | 115,916 |
| Total assets | US$ in thousands | 2,556,760 | 2,493,690 | 1,949,910 | 2,008,700 | 1,992,170 | 1,974,060 | 1,878,070 | 1,832,360 | 1,817,340 | 1,832,060 | 1,776,230 | 1,699,250 | 1,647,660 | 1,642,520 | 1,594,250 | 1,522,550 | 1,532,410 | 1,595,420 | 865,768 | 856,950 |
| ROA | 5.02% | 5.39% | 9.02% | 9.65% | 10.02% | 9.91% | 7.58% | 7.25% | 7.41% | 7.47% | 9.09% | 9.14% | 8.17% | 6.28% | 4.08% | 4.44% | 4.24% | 4.64% | 11.69% | 13.53% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $128,284K ÷ $2,556,760K
= 5.02%
The return on assets (ROA) of Advanced Energy Industries Inc. has shown a general trend of fluctuation over the past eight quarters. The ROA ranged from a high of 10.02% in Q4 2022 to a low of 5.02% in Q4 2023. Generally, the ROA has remained above 5% throughout the period under review.
The company's ROA peaked at 10.02% in Q4 2022 and has been gradually declining since then. It reached its lowest point at 5.02% in Q4 2023. The ROA for Q3 2023 was slightly higher at 5.39%, indicating a slight improvement from the previous quarter but still lower than the levels seen in previous periods.
The ROA for Q2 and Q1 of 2023 were at 9.02% and 9.65% respectively, showing a significant improvement compared to Q4 2023. These two quarters had the highest ROA values in the series, indicating strong performance in terms of generating profits relative to the assets employed.
In comparing the ROA of Advanced Energy Industries Inc. to industry benchmarks and its own historical performance, it is important to consider the reasons behind the fluctuations observed. Further analysis of the company's financial statements and business operations may provide insights into the factors influencing its ROA trends and inform strategic decision-making.
Peer comparison
Dec 31, 2023