Cohu Inc (COHU)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -72,560 | -42,739 | -19,568 | 12,750 | 51,132 | 70,181 | 96,486 | 119,248 | 127,064 | 117,376 | 117,385 | 193,481 | 201,518 | 202,737 | 167,661 | 52,616 | 3,260 | -29,173 | -33,836 | -47,970 |
| Total assets | US$ in thousands | 999,415 | 1,032,350 | 1,039,030 | 1,074,450 | 1,150,350 | 1,167,520 | 1,188,060 | 1,187,600 | 1,227,410 | 1,197,920 | 1,239,400 | 1,243,340 | 1,259,040 | 1,272,870 | 1,371,730 | 1,258,760 | 1,095,510 | 1,046,350 | 1,066,580 | 1,072,160 |
| Operating ROA | -7.26% | -4.14% | -1.88% | 1.19% | 4.44% | 6.01% | 8.12% | 10.04% | 10.35% | 9.80% | 9.47% | 15.56% | 16.01% | 15.93% | 12.22% | 4.18% | 0.30% | -2.79% | -3.17% | -4.47% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-72,560K ÷ $999,415K
= -7.26%
Cohu Inc's operating return on assets (operating ROA) has experienced fluctuations over the past few years. The metric was negative in the beginning of the analyzed period, indicating that the company was not effectively generating operating income relative to its asset base. However, there was a turnaround starting from the last quarter of 2020, with a positive operating ROA of 0.30%, signaling improved operational efficiency.
Subsequently, Cohu Inc's operating ROA showed a significant upward trend, reaching its peak at 16.01% by the end of 2021. This suggests that the company was able to generate higher operating income on each dollar of assets invested during this period.
However, the operating ROA began to decline post-2021, indicating a potential decrease in operating efficiency or profitability relative to its assets. The metric decreased to 4.44% by the end of 2023 and further declined to -7.26% by the end of 2024, signifying that Cohu Inc may be facing challenges in maintaining or improving its operating performance.
Overall, Cohu Inc's operating ROA performance demonstrates a mixed trend, with periods of improvement followed by declines. It is essential for the company to assess the reasons behind these fluctuations and implement strategies to enhance operational efficiency and profitability in order to maintain long-term financial health and sustainability.
Peer comparison
Dec 31, 2024