Cohu Inc (COHU)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands -69,818 28,156 96,847 167,325 -13,843
Total assets US$ in thousands 999,415 1,150,350 1,227,410 1,259,040 1,095,510
ROA -6.99% 2.45% 7.89% 13.29% -1.26%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $-69,818K ÷ $999,415K
= -6.99%

The return on assets (ROA) for Cohu Inc has seen fluctuations over the past five years. The ROA was -1.26% as of December 31, 2020, indicating that the company generated a negative return relative to its assets during that period. However, there was a significant improvement in 2021 as the ROA jumped to 13.29%, suggesting that the company was able to generate a higher return compared to the value of its assets.

In 2022, the ROA decreased to 7.89%, indicating a slight decline in the company's efficiency in generating profit from its assets. The following year, in 2023, the ROA further decreased to 2.45%, signaling a continued decline in asset efficiency.

By December 31, 2024, the ROA worsened to -6.99%, falling into negative territory once again. This sharp decline in ROA suggests that Cohu Inc experienced challenges in generating profits relative to its asset base during that period.

Overall, the trend in Cohu Inc's ROA shows varying levels of asset efficiency and profitability over the five-year period, with notable fluctuations that may indicate changes in the company's operational performance and financial health.