Coherent Inc (COHR)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 96,121 | -122,348 | -77,265 | -100,904 | -37,120 | 232,363 | 271,743 | 361,719 | 414,293 | 397,234 | 375,546 | 396,040 | 402,120 | 372,422 | 356,378 | 159,082 | 39,477 | 12,700 | -25,206 | 92,980 |
| Total assets | US$ in thousands | 14,488,600 | 14,520,400 | 14,662,900 | 13,521,300 | 13,711,100 | 14,117,600 | 14,108,900 | 13,830,600 | 7,844,850 | 7,767,200 | 7,649,280 | 6,515,860 | 6,512,650 | 6,361,720 | 5,646,560 | 5,470,620 | 5,234,710 | 5,106,820 | 5,208,210 | 5,370,690 |
| Operating ROA | 0.66% | -0.84% | -0.53% | -0.75% | -0.27% | 1.65% | 1.93% | 2.62% | 5.28% | 5.11% | 4.91% | 6.08% | 6.17% | 5.85% | 6.31% | 2.91% | 0.75% | 0.25% | -0.48% | 1.73% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $96,121K ÷ $14,488,600K
= 0.66%
The operating return on assets (operating ROA) of Coherent Inc has shown significant fluctuations over the past few quarters. From a high of 6.31% in Dec 31, 2020, the operating ROA declined to -0.84% in Mar 31, 2024, indicating a substantial deterioration in profitability and operational efficiency.
The negative operating ROA in recent quarters suggests that Coherent Inc's operating income generated from its assets has been insufficient to cover its operating expenses. This may raise concerns about the company's ability to effectively utilize its assets to generate profits and sustain its operations.
It is important for Coherent Inc to closely evaluate the factors contributing to the declining operating ROA and to implement corrective measures to improve profitability and operational performance. Monitoring and analyzing this ratio regularly can help the company assess its operational efficiency and make informed decisions to enhance overall financial performance.
Peer comparison
Jun 30, 2024