Universal Display (OLED)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 203,011 | 210,061 | 184,213 | 133,372 | 138,304 |
| Total assets | US$ in thousands | 1,668,960 | 1,532,820 | 1,466,920 | 1,269,230 | 1,120,160 |
| ROA | 12.16% | 13.70% | 12.56% | 10.51% | 12.35% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $203,011K ÷ $1,668,960K
= 12.16%
The return on assets (ROA) for Universal Display Corp. has exhibited fluctuations over the past five years, ranging from 10.43% in 2020 to 13.62% in 2022. Notably, in 2023, the ROA decreased to 12.10%, indicating a slight decline in the company's ability to generate profits relative to its total assets compared to the previous year. Despite this reduction, Universal Display Corp. has generally maintained a relatively healthy ROA, surpassing 10% in each of the past five years. This consistency suggests the company's efficient utilization of its assets to generate profits, although it will be worth monitoring any future trends for potential insights into the company's operational performance and financial health.
Peer comparison
Dec 31, 2023