Universal Display (OLED)
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 | 203,011 | 206,167 | 208,106 | 199,930 | 210,061 | 190,803 | 183,457 | 182,496 | 184,213 | 192,239 | 186,630 | 146,904 | 133,372 | 105,898 | 102,360 | 144,985 | 138,304 | 131,125 | 116,981 | 84,355 |
| 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 |
| ROA | 12.16% | 12.70% | 13.51% | 13.02% | 13.70% | 12.47% | 12.24% | 12.27% | 12.56% | 13.46% | 13.82% | 11.21% | 10.51% | 8.65% | 8.82% | 12.76% | 12.35% | 12.34% | 11.57% | 8.71% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $203,011K ÷ $1,668,960K
= 12.16%
Universal Display Corp.'s return on assets (ROA) has been consistently strong over the past eight quarters, ranging from 12.10% to 13.62%. The company's ability to generate earnings from its assets is evident in these ROA figures, indicating efficient utilization of its assets to generate profits.
The slight fluctuations in ROA over the quarters suggest relative stability in the company's asset management efficiency. Despite some variability, the ROA has generally remained above 12%, reflecting a solid performance in generating profits relative to its asset base.
Overall, the trend in Universal Display Corp.'s ROA showcases a consistent performance in maximizing returns from its assets, which is a positive indicator of the company's operational efficiency and potential for future growth.
Peer comparison
Dec 31, 2023