Cohu Inc (COHU)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 28,156 | 51,812 | 72,779 | 90,963 | 96,847 | 96,108 | 94,959 | 161,287 | 167,325 | 161,297 | 130,918 | 31,082 | -13,801 | -45,928 | -49,750 | -64,333 | -69,700 | -109,188 | -93,917 | -62,946 |
| Total assets | US$ in thousands | 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 | 1,090,350 | 1,046,350 | 1,066,580 | 1,072,160 | 1,077,710 | 1,071,610 | 1,103,500 | 1,106,200 |
| ROA | 2.45% | 4.44% | 6.13% | 7.66% | 7.89% | 8.02% | 7.66% | 12.97% | 13.29% | 12.67% | 9.54% | 2.47% | -1.27% | -4.39% | -4.66% | -6.00% | -6.47% | -10.19% | -8.51% | -5.69% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $28,156K ÷ $1,150,350K
= 2.45%
The return on assets (ROA) for Cohu Inc has varied over the past few quarters. ROA is a measure of a company's profitability relative to its total assets.
From March 2019 to September 2020, Cohu Inc experienced negative ROA figures, indicating that the company was not efficient in generating profits from its assets during this period.
Starting from December 2020, Cohu Inc began to show positive ROA figures and experienced a gradual improvement in profitability relative to its assets. The ROA increased steadily from 2.47% in December 2020 to a peak of 13.29% in September 2021.
However, from December 2021 to March 2023, the ROA figures show a declining trend. The ROA decreased from 13.29% in December 2021 to 2.45% in December 2023. This decline could be attributed to various factors such as decreased profitability, increased asset base, or a combination of both.
Overall, the recent downward trend in ROA for Cohu Inc suggests a potential deterioration in the company's ability to generate profits from its assets. It would be important to further analyze the underlying factors contributing to this decline to assess the company's future performance and efficiency in asset utilization.
Peer comparison
Dec 31, 2023