Cohu Inc (COHU)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -71,668 | 43,272 | 125,557 | 132,865 | 17,861 |
| Total assets | US$ in thousands | 999,415 | 1,150,350 | 1,227,410 | 1,259,040 | 1,095,510 |
| Operating ROA | -7.17% | 3.76% | 10.23% | 10.55% | 1.63% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-71,668K ÷ $999,415K
= -7.17%
Cohu Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2020, the operating ROA was 1.63%, indicating a relatively low return generated from its operating activities relative to its asset base. This metric saw a significant improvement in 2021, reaching 10.55%, suggesting a more efficient utilization of assets to generate operating profits.
In 2022, Cohu Inc maintained a strong operating ROA of 10.23%, indicating continued efficiency in generating returns from its assets. However, there was a notable decline in 2023, with the operating ROA dropping to 3.76%, which may suggest challenges in maintaining previous levels of profitability.
The most recent data for 2024 shows a negative operating ROA of -7.17%, which is a concerning development as it indicates that Cohu Inc's operating activities are currently generating a loss relative to its asset base.
Overall, the trend in Cohu Inc's operating ROA shows significant fluctuations, with notable improvements in some years but also periods of decline and negative returns, which may require further analysis to understand the underlying factors impacting the company's operating profitability.
Peer comparison
Dec 31, 2024