Cohu Inc (COHU)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 28,156 | 96,847 | 167,325 | -13,801 | -69,700 |
| Total assets | US$ in thousands | 1,150,350 | 1,227,410 | 1,259,040 | 1,090,350 | 1,077,710 |
| ROA | 2.45% | 7.89% | 13.29% | -1.27% | -6.47% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $28,156K ÷ $1,150,350K
= 2.45%
Cohu Inc's return on assets (ROA) has fluctuated over the past five years, indicating varying levels of efficiency in generating profits from its assets. In 2023, Cohu Inc's ROA decreased to 2.45% from 7.89% in 2022 and 13.29% in 2021, suggesting a decline in the company's ability to generate profits relative to its assets. This decrease may raise concerns about the company's operational efficiency and profitability. However, it is worth noting that the negative ROA in 2020 and 2019 (-1.27% and -6.47%, respectively) indicates that Cohu Inc was not generating positive returns from its assets during those years. Overall, analyzing Cohu Inc's ROA trend provides insights into the company's performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023