Coherent Inc (COHR)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -156,154 | -259,458 | 234,759 | 297,552 | -67,029 |
| Total assets | US$ in thousands | 14,488,600 | 13,711,100 | 7,844,850 | 6,512,650 | 5,234,710 |
| ROA | -1.08% | -1.89% | 2.99% | 4.57% | -1.28% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $-156,154K ÷ $14,488,600K
= -1.08%
The return on assets (ROA) for Coherent Inc has exhibited volatility over the past five years. In the most recent fiscal year ending June 30, 2024, the company reported an ROA of -1.08%, reflecting a decrease from the previous year. This negative ROA indicates that Coherent Inc generated a negative return relative to its total assets during this period.
Comparing this performance to prior years, we observe a downward trend in ROA from 2021 to 2024. In 2023, the ROA was -1.89%, marking a decline from the 2.99% ROA reported in 2022 and the 4.57% ROA in 2021. Notably, the company experienced a significant decrease in ROA from 2022 to 2023, indicating a deterioration in profitability relative to its assets during that period.
Furthermore, the negative ROA in 2024 underscores potential challenges or inefficiencies impacting Coherent Inc's ability to generate profits from its assets. It is essential for investors and stakeholders to closely monitor the company's performance and assess the factors contributing to the declining ROA trend in recent years. Additionally, management may need to implement strategic measures to improve operational efficiency and profitability to enhance the company's overall financial performance moving forward.
Peer comparison
Jun 30, 2024