Ichor Holdings Ltd (ICHR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -20,820 | -42,985 | 72,804 | 70,899 | 33,279 |
| Total assets | US$ in thousands | 995,564 | 938,481 | 1,083,740 | 1,020,880 | 774,172 |
| ROA | -2.09% | -4.58% | 6.72% | 6.94% | 4.30% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-20,820K ÷ $995,564K
= -2.09%
Ichor Holdings Ltd's return on assets (ROA) has shown varying trends over the past five years.
In December 31, 2020, Ichor Holdings had an ROA of 4.30%, reflecting a decent return on its assets at that time. The ROA then increased to 6.94% by December 31, 2021, indicating improved efficiency in generating profits from its assets.
By December 31, 2022, the ROA slightly decreased to 6.72%, although it remained relatively high, indicating continued effectiveness in utilizing its assets to generate earnings.
However, the company experienced a significant decline in performance by December 31, 2023, with an ROA of -4.58%, suggesting that the company's assets may not have been effectively utilized to generate profits, resulting in a negative return on assets.
Furthermore, the negative trend continued into December 31, 2024, with an ROA of -2.09%, indicating ongoing challenges in optimizing asset efficiency to generate positive returns.
Overall, the fluctuating trend in Ichor Holdings Ltd's ROA over the years highlights the importance of monitoring asset utilization and efficiency to sustain profitability and financial performance.
Peer comparison
Dec 31, 2024