Coherent Inc (COHR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -156,154 | -285,946 | -270,213 | -288,294 | -259,458 | -37,588 | 8,868 | 121,597 | 234,759 | 273,417 | 305,507 | 325,750 | 297,552 | 266,519 | 191,348 | 5,235 | -67,029 | -90,262 | -71,545 | 55,370 |
| 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 |
| ROA | -1.08% | -1.97% | -1.84% | -2.13% | -1.89% | -0.27% | 0.06% | 0.88% | 2.99% | 3.52% | 3.99% | 5.00% | 4.57% | 4.19% | 3.39% | 0.10% | -1.28% | -1.77% | -1.37% | 1.03% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-156,154K ÷ $14,488,600K
= -1.08%
The Return on Assets (ROA) of Coherent Inc has exhibited fluctuations over the periods presented in the data table. ROA provides insights into how efficiently a company is utilizing its assets to generate profits.
Coherent Inc experienced positive ROA figures in some periods, indicating effective asset utilization to generate profits. For instance, in the latest reported quarter of June 30, 2024, the ROA was -1.08%, representing a decrease from the previous quarter. However, it is worth noting that the ROA has been fluctuating and has been negative in recent quarters, suggesting challenges in generating profits relative to the size of the assets employed.
The company's ROA reached its peak at 5.00% in the quarter ended September 30, 2021 but has since fluctuated downwards. This decline in ROA could indicate inefficiencies in asset management or challenges in generating profits from the assets at a level comparable to prior periods.
Overall, the negative trend in ROA over recent periods may indicate the company's struggle to effectively utilize its assets to generate profits. It is essential for Coherent Inc to closely evaluate its asset management strategies and profitability generation methods to reverse this trend and improve its ROA in the future.
Peer comparison
Jun 30, 2024