IPG Photonics Corporation (IPGP)

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	218,878	84,555	105,825	100,472	109,909	267,891	267,029	279,861	278,416	262,668	222,870	191,296	159,572	105,783	127,432	161,478	180,234	260,243	303,507	352,852
Total assets	US$ in thousands	2,698,900	2,672,860	2,696,420	2,671,160	2,743,280	2,962,520	3,048,770	3,098,470	3,170,540	3,143,910	3,086,510	2,982,950	2,935,700	2,794,930	2,758,740	2,680,130	2,730,440	2,730,900	2,737,420	2,628,740
ROA		8.11%	3.16%	3.92%	3.76%	4.01%	9.04%	8.76%	9.03%	8.78%	8.35%	7.22%	6.41%	5.44%	3.78%	4.62%	6.03%	6.60%	9.53%	11.09%	13.42%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $218,878K ÷ $2,698,900K
= 8.11%

IPG Photonics Corp's return on assets (ROA) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROA was 8.11%, marking a significant increase from the previous quarter's 3.16%. This indicates that the company generated a higher level of profit relative to its total assets in the most recent quarter. However, the ROA in Q4 2023 was lower compared to Q3 and Q2 2022, where it stood at 9.04% and 8.76% respectively.

Overall, IPG Photonics Corp's ROA has shown some volatility, with fluctuations observed across the quarters. It is essential for the company to monitor and analyze its asset utilization and profitability to ensure consistent and sustainable returns for its shareholders.