Cohu Inc (COHU)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -65,037 | -45,576 | -21,428 | 11,366 | 48,577 | 75,680 | 106,092 | 125,267 | 132,371 | 123,334 | 115,604 | 193,269 | 202,185 | 211,874 | 180,736 | 68,558 | 20,908 | -17,968 | -17,883 | -30,196 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | -7.59% | -5.15% | -2.39% | 1.24% | 5.11% | 8.00% | 11.13% | 13.34% | 14.25% | 13.99% | 12.92% | 21.79% | 22.91% | 24.30% | 21.26% | 9.15% | 4.09% | -3.79% | -3.83% | -6.50% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-65,037K ÷ ($—K + $856,891K)
= -7.59%
Based on the data provided for Cohu Inc's return on total capital, we observe a fluctuating trend over the quarters.
From March 31, 2020, to June 30, 2021, the return on total capital showed a consistent improvement, turning positive and reaching its peak at 24.30% on September 30, 2021. This indicates that Cohu Inc was effectively utilizing its capital to generate returns during this period.
However, from December 31, 2021, to December 31, 2024, the return on total capital declined steadily, showing negative percentages. This downward trend suggests a decrease in the company's ability to generate returns on the total capital employed.
Overall, it is essential for Cohu Inc to closely monitor and manage its capital utilization efficiency to sustainably improve its return on total capital in the future.
Peer comparison
Dec 31, 2024