Coherent Inc (COHR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 49,496 | 65,243 | 36,345 | -94,031 | -187,565 | -285,946 | -270,213 | -288,294 | -259,458 | -54,880 | -8,424 | 104,305 | 200,385 | 239,457 | 264,534 | 277,877 | 266,761 | 252,606 | 184,448 | 5,235 |
| 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 |
| ROA | 0.33% | 0.45% | 0.26% | -0.64% | -1.29% | -1.97% | -1.84% | -2.13% | -1.89% | -0.39% | -0.06% | 0.75% | 2.55% | 3.08% | 3.46% | 4.26% | 4.10% | 3.97% | 3.27% | 0.10% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $49,496K ÷ $14,910,900K
= 0.33%
The analysis of Coherent Inc's return on assets (ROA) over the specified period reveals significant fluctuations and an overall trend of transition from positive profitability to negative territory, followed by signs of recovery. Initially, at the end of September 2020, the ROA was approximately 0.10%, indicating marginal efficiency in generating profit from its asset base. A substantial improvement occurred by December 2020, with the ROA rising sharply to 3.27%, reflecting enhanced operational performance or favorable market conditions.
Throughout 2021, the ROA continued its upward trajectory, reaching a peak of 4.26% by September 2021. This suggests a period of strong asset efficiency and profitability. However, starting in late 2021, a decline began, with the ROA decreasing to 3.46% in December 2021 and further down to approximately 3.08% in March 2022. The downward trend persisted through 2022, with the ROA declining to 2.55% in June 2022 and then sharply falling to 0.75% by September 2022.
From late 2022 onward, the ROA entered negative territory, with values dropping below zero as of December 2022, registering at -0.06%. This negative trend persisted into March 2023, with the ROA reaching -0.39%, and continued deteriorating through June and September 2023 to -1.89% and -2.13%, respectively. The negative ROA indicates the company's assets were no longer generating positive returns, signaling potential operational challenges or adverse market conditions.
In the latter part of 2023 and into 2024, a gradual recovery is evident, with the ROA improving from -1.84% at year-end 2023 to -0.64% as of September 2024. Notably, by December 2024, the ROA turned positive again at 0.26%, and this upward trend continued into early 2025, reaching 0.45% in March and 0.33% in June. These improvements suggest a potential stabilization or recovery phase in asset efficiency and profitability, though the values remain modest.
Overall, the data indicates that Coherent Inc experienced a substantial period of profitability improvement in late 2020 and early 2021, followed by a steady decline into negative ROA territory through 2022 and much of 2023. The subsequent partial recovery starting in late 2023 and into 2024 reflects a positive shift, although ROA levels remain relatively low, implying ongoing challenges in operational efficiency or market conditions affecting asset returns.
Peer comparison
Jun 30, 2025