Universal Display (OLED)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 222,079 | 238,038 | 222,684 | 220,025 | 203,011 | 206,167 | 207,817 | 199,406 | 209,212 | 189,954 | 182,642 | 181,669 | 183,353 | 190,991 | 185,360 | 145,875 | 132,362 | 105,092 | 101,571 | 143,881 |
| Total assets | US$ in thousands | 1,832,330 | 1,810,880 | 1,776,560 | 1,683,720 | 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 |
| ROA | 12.12% | 13.14% | 12.53% | 13.07% | 12.16% | 12.70% | 13.49% | 12.98% | 13.65% | 12.41% | 12.18% | 12.22% | 12.50% | 13.37% | 13.72% | 11.13% | 10.43% | 8.58% | 8.75% | 12.66% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $222,079K ÷ $1,832,330K
= 12.12%
Universal Display's Return on Assets (ROA) shows the company's ability to generate profits from its assets. From March 31, 2020, to December 31, 2024, the ROA has fluctuated between 8.58% and 13.72%. The highest ROA was recorded on June 30, 2021, at 13.72%, indicating strong profitability relative to its asset base.
Although there have been some fluctuations, the ROA has generally remained above 10%, showcasing the company's efficiency in utilizing its assets to generate earnings. The consistent performance above the 10% mark indicates that Universal Display has been effectively managing its assets to generate profits for its shareholders.
Investors and stakeholders can be encouraged by the company's ability to maintain a healthy ROA over the years, reflecting positively on its operational efficiency and profitability. However, it is essential to monitor future trends in the ROA to ensure continued effectiveness in generating returns from its assets.
Peer comparison
Dec 31, 2024