Coherent Inc (COHR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,210,120 | 5,335,450 | 5,470,900 | 4,831,990 | 4,987,550 | 5,239,440 | 5,178,790 | 5,009,040 | 3,616,480 | 3,627,760 | 3,537,410 | 3,458,010 | 3,406,170 | 3,325,150 | 3,236,810 | 3,046,680 | 2,076,800 | 2,017,910 | 2,065,700 | 2,131,190 |
| ROE | -3.00% | -5.36% | -4.94% | -5.97% | -5.20% | -0.72% | 0.17% | 2.43% | 6.49% | 7.54% | 8.64% | 9.42% | 8.74% | 8.02% | 5.91% | 0.17% | -3.23% | -4.47% | -3.46% | 2.60% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-156,154K ÷ $5,210,120K
= -3.00%
Coherent Inc's return on equity (ROE) has shown fluctuations over the past few quarters.
As of June 30, 2024, the ROE stands at -3.00%, indicating a negative return on shareholders' equity for that period. This is a decline from the previous quarter's ROE of -5.36%.
The ROE has been negative for the past five quarters, reflecting challenges in generating profits relative to the shareholder investments. This trend suggests that Coherent Inc has struggled to create value for its shareholders during this period.
It is essential for the company to analyze the reasons behind the consistently low ROE and take necessary steps to improve profitability and efficiency in utilizing shareholders' equity in order to enhance shareholder value in the future.
Peer comparison
Jun 30, 2024