Coherent Inc (COHR)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 96,121 | -37,120 | 414,294 | 402,119 | 39,479 |
| Total assets | US$ in thousands | 14,488,600 | 13,711,100 | 7,844,850 | 6,512,650 | 5,234,710 |
| Operating ROA | 0.66% | -0.27% | 5.28% | 6.17% | 0.75% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $96,121K ÷ $14,488,600K
= 0.66%
Coherent Inc's operating return on assets (operating ROA) has displayed fluctuations over the past five years. In 2024, the operating ROA stands at 0.66%, indicating that for every dollar of assets, the company generated a return of 0.66%. This is an improvement from the previous year, where the operating ROA was -0.27%, signifying a loss on assets.
In 2022, Coherent Inc experienced a significant increase in operating ROA, with a rate of 5.28%. This implies that the company efficiently utilized its assets to generate profits. The trend continued in 2021, with an operating ROA of 6.17%, indicating strong asset performance.
However, in 2020, the operating ROA dropped to 0.75%, showing a decline in asset efficiency compared to the previous year. It is important to note that while the company's operating ROA has varied annually, the overall trend suggests fluctuating asset utilization and profitability levels.
Further analysis of the company's strategies, market conditions, and operational efficiency is recommended to gain a deeper understanding of the factors influencing Coherent Inc's operating ROA performance.
Peer comparison
Jun 30, 2024