Coherent Inc (COHR)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 389,969 | 467,284 | 355,599 | 241,027 | 123,175 | 9,731 | 43,896 | 21,827 | 82,593 | 232,975 | 271,744 | 361,720 | 414,294 | 397,234 | 375,546 | 396,039 | 402,119 | 372,422 | 356,377 | 159,084 |
| Total assets | US$ in thousands | 14,910,900 | 14,444,800 | 14,197,300 | 14,699,300 | 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 |
| Operating ROA | 2.62% | 3.23% | 2.50% | 1.64% | 0.85% | 0.07% | 0.30% | 0.16% | 0.60% | 1.65% | 1.93% | 2.62% | 5.28% | 5.11% | 4.91% | 6.08% | 6.17% | 5.85% | 6.31% | 2.91% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $389,969K ÷ $14,910,900K
= 2.62%
The operating return on assets (ROA) for Coherent Inc. has exhibited significant fluctuations over the specified period. Initially, at the end of September 2020, the operating ROA was approximately 2.91%. This figure increased steadily through the subsequent quarters, reaching a peak of approximately 6.31% at the end of December 2020, and maintaining relatively elevated levels through the first half of 2021—hovering around 5.85% in March 2021 and 6.17% in June 2021. During this period, the company's operating efficiency improved, indicating effective utilization of assets to generate operating income.
However, commencing in September 2021, a declining trend is observed, with the operating ROA decreasing from approximately 6.08% in September 2021 to roughly 4.91% in December 2021, and stabilizing around 5.11% in March 2022 and 5.28% in June 2022. Starting in September 2022, the operating ROA experienced a sharp and continued decline, dropping to approximately 2.62% by September 2022 and further decreasing to around 1.93% in December 2022. The downward trajectory persisted through 2023, reaching a low of approximately 0.16% in September 2023, before marginal improvements in subsequent quarters—reaching approximately 0.30% at the end of December 2023 and about 0.07% in March 2024.
Following this trough, the operating ROA demonstrated signs of recovery, rising to approximately 0.85% in June 2024 and further improving to around 1.64% in September 2024. By the end of December 2024, the ROA increased to approximately 2.50%, with continued upward momentum in the first half of 2025—approximately 3.23% at the end of March 2025 and 2.62% in June 2025.
Overall, the data depicts a period of initial growth and operational efficiency gains, followed by a pronounced and sustained decline starting in late 2021 through 2023, with a gradual recovery beginning in mid-2024. This trend reflects evolving operational profitability, potentially influenced by internal factors such as cost management, revenue generation, and external market conditions impacting asset utilization effectiveness.
Peer comparison
Jun 30, 2025