Cohu Inc (COHU)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 44.87% | 47.59% | 47.16% | 43.62% | 42.73% |
| Operating profit margin | -17.84% | 6.80% | 15.45% | 14.98% | 2.81% |
| Pretax margin | -16.16% | 7.20% | 15.59% | 21.68% | -2.07% |
| Net profit margin | -17.38% | 4.42% | 11.92% | 18.86% | -2.18% |
Cohu Inc's profitability ratios display varying trends over the past five years. The gross profit margin has shown improvement from 42.73% in 2020 to 47.59% in 2023, indicating the company's ability to control production costs and generate higher profits on sales. However, there was a slight decrease to 44.87% in 2024.
The operating profit margin witnessed significant fluctuations during this period, increasing sharply from 2.81% in 2020 to 15.45% in 2022 before dropping to 6.80% in 2023 and turning negative at -17.84% in 2024. This suggests volatility in the company's cost management and operational efficiency.
Similarly, the pretax margin experienced substantial variability, rising from -2.07% in 2020 to 21.68% in 2021, then declining to 7.20% in 2023 and posting a loss of -16.16% in 2024. These fluctuations may be indicative of changing tax scenarios and non-operating expenses affecting profitability.
The net profit margin displayed a similar pattern, starting at -2.18% in 2020, reaching 18.86% in 2021, and subsequently declining to 4.42% in 2023, and dropping to -17.38% in 2024. This erratic trend indicates challenges in maintaining consistent bottom-line profitability over the years.
In summary, while Cohu Inc has shown improvements in gross profit margins, its operating, pretax, and net profit margins have been volatile, reflecting potential issues in cost management and overall profitability in recent years.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -7.17% | 3.76% | 10.23% | 10.55% | 1.63% |
| Return on assets (ROA) | -6.99% | 2.45% | 7.89% | 13.29% | -1.26% |
| Return on total capital | -7.51% | 5.18% | 14.09% | 14.97% | 4.18% |
| Return on equity (ROE) | -8.15% | 2.96% | 10.43% | 18.96% | -2.71% |
Cohu Inc's profitability ratios exhibit fluctuations over the years. The Operating return on assets (Operating ROA) improved from 1.63% in 2020 to 10.55% in 2021 before slightly declining to 10.23% in 2022 and then dropping significantly to 3.76% in 2023. Lastly, there was a sharp decline to -7.17% in 2024.
Return on assets (ROA) was negative at -1.26% in 2020, then showed a strong positive trend in 2021 at 13.29%. However, it decreased to 7.89% in 2022 and further dropped to 2.45% in 2023. A notable decline occurred in 2024 to -6.99%.
Return on total capital started at 4.18% in 2020, increased to 14.97% in 2021, slightly decreased to 14.09% in 2022, then dropped to 5.18% in 2023, and significantly declined to -7.51% in 2024.
Return on equity (ROE) began at a negative -2.71% in 2020, surged to 18.96% in 2021, then decreased to 10.43% in 2022 and further dropped to 2.96% in 2023. Finally, there was a significant decline to -8.15% in 2024.
Overall, the profitability ratios of Cohu Inc have shown mixed performance with fluctuations in profitability margins over the years, indicating variability in the company's financial performance and efficiency in generating returns for its shareholders and capital providers.