Universal Display (OLED)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 217,189 | 235,526 | 255,553 | 250,228 | 267,110 | 240,489 | 229,754 | 226,336 | 227,644 | 236,961 | 227,659 | 176,578 | 157,526 | 126,236 | 118,640 | 168,489 | 158,343 | 139,127 | 124,329 | 86,576 |
| Total assets | US$ in thousands | 1,668,960 | 1,622,920 | 1,540,860 | 1,535,710 | 1,532,820 | 1,530,320 | 1,499,440 | 1,487,230 | 1,466,920 | 1,428,590 | 1,350,720 | 1,310,500 | 1,269,230 | 1,224,960 | 1,161,060 | 1,136,380 | 1,120,160 | 1,062,550 | 1,011,080 | 968,190 |
| Operating ROA | 13.01% | 14.51% | 16.59% | 16.29% | 17.43% | 15.71% | 15.32% | 15.22% | 15.52% | 16.59% | 16.85% | 13.47% | 12.41% | 10.31% | 10.22% | 14.83% | 14.14% | 13.09% | 12.30% | 8.94% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $217,189K ÷ $1,668,960K
= 13.01%
Universal Display Corp.'s operating return on assets (operating ROA) has shown a decreasing trend over the past four quarters, starting at 17.43% in Q4 2022 and declining to 13.01% in Q4 2023. This indicates that the company's ability to generate operating profits from its assets has been gradually weakening. Despite some fluctuations, the operating ROA has remained above 13% throughout this period, suggesting a relatively stable performance. A potential concern to consider would be the recent decline in operating ROA, which may require further investigation to determine the underlying reasons behind this trend and to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023