Cohu Inc (COHU)

Return on equity (ROE)

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
Net income (ttm) US$ in thousands -69,818 -50,488 -28,517 -2,164 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
Total stockholders’ equity US$ in thousands 856,891 884,538 896,210 915,357 950,170 946,236 953,393 938,779 928,841 881,811 894,452 886,897 882,502 871,979 850,231 749,474 511,624 474,609 466,758 464,884
ROE -8.15% -5.71% -3.18% -0.24% 2.96% 5.48% 7.63% 9.69% 10.43% 10.90% 10.62% 18.19% 18.96% 18.50% 15.40% 4.15% -2.70% -9.68% -10.66% -13.84%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-69,818K ÷ $856,891K
= -8.15%

Cohu Inc's return on equity (ROE) has shown a fluctuating trend over the analyzed period. The company experienced negative ROE figures in the first half of 2020, indicating that its net income was insufficient to cover shareholders' equity during that time.

From March 2021 onwards, there was a significant improvement in ROE, with the metric turning positive and consistently increasing, reaching a peak of 18.96% by December 2021. This suggests that Cohu Inc was effectively utilizing its equity to generate profits and create value for its shareholders during this period.

However, after the peak in late 2021, the ROE started to decline gradually throughout 2022 and 2023, indicating a potential decrease in profitability relative to the equity invested. By the end of 2024, the ROE had turned negative again, reaching a value of -8.15%.

Overall, Cohu Inc's ROE performance has been mixed, showing periods of both strong profitability and challenges in generating returns relative to shareholders' equity. It would be important for investors and stakeholders to further investigate the factors driving these fluctuations in ROE to gain a deeper understanding of the company's financial performance.