Onto Innovation Inc (ONTO)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 51.51% | 53.64% | 54.39% | 50.04% | 44.14% |
| Operating profit margin | 14.23% | 23.55% | 19.83% | -4.79% | -1.65% |
| Pretax margin | 16.25% | 24.03% | 19.73% | 4.83% | 67.04% |
| Net profit margin | 14.85% | 22.22% | 18.04% | 5.58% | 73.01% |
Onto Innovation Inc's profitability ratios show a fluctuating trend over the past five years. The gross profit margin has ranged from 44.14% in 2019 to 54.39% in 2021, with a noticeable increase in 2021. This indicates the company's ability to generate profits from its core operations.
The operating profit margin also shows variability, with a significant improvement from negative figures in 2020 to positive margins in subsequent years. This suggests better operational efficiency and cost management by the company.
The pretax margin has also seen fluctuations, with a sharp decline in 2020 followed by a recovery in profitability in the succeeding years. This metric reflects the company's ability to generate profits before considering taxes and indicates its overall financial performance.
Similarly, the net profit margin has shown variability over the years, with a substantial decrease in 2019 followed by a gradual improvement in subsequent years. This ratio indicates Onto Innovation's efficiency in converting revenue into net income after all expenses have been accounted for.
Overall, Onto Innovation Inc's profitability ratios demonstrate a mixed performance over the years, with improvements in operational and net profit margins after facing challenges in 2020. Continued monitoring and analysis of these ratios can provide insights into the company's financial health and performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.08% | 13.19% | 9.48% | -1.82% | -0.35% |
| Return on assets (ROA) | 6.34% | 12.44% | 8.63% | 2.11% | 15.42% |
| Return on total capital | 6.68% | 14.83% | 10.97% | -2.11% | -0.40% |
| Return on equity (ROE) | 6.98% | 13.99% | 9.98% | 2.45% | 17.67% |
Onto Innovation Inc's profitability ratios show a mixed performance over the past five years.
1. Operating return on assets (Operating ROA) has fluctuated significantly, ranging from -1.82% in 2020 to 13.19% in 2022. The ratio decreased to 6.08% in 2023, indicating a decline in operating efficiency in generating profits from its assets.
2. Return on assets (ROA) has also varied, with a notable decrease from 15.42% in 2019 to 2.11% in 2020, before recovering to 6.34% in 2023. This ratio measures the company's ability to generate profits from its total assets.
3. Return on total capital indicates the overall profitability of the company's total invested capital. It ranged from -2.11% in 2020 to 14.83% in 2022 before stabilizing at 6.68% in 2023.
4. Return on equity (ROE) measures the profitability generated from shareholders' equity. Onto Innovation Inc's ROE has also fluctuated over the years, with the lowest being 2.45% in 2020 and the highest at 17.67% in 2019. In 2023, ROE stands at 6.98%.
Overall, Onto Innovation Inc's profitability ratios reflect a mix of positive and negative trends, indicating varying levels of efficiency in generating profits from its assets, total capital, and shareholders' equity over the past five years. Further analysis and comparison with industry benchmarks can provide a more comprehensive understanding of the company's financial performance.