Onto Innovation Inc (ONTO)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 187,104 | 172,873 | 153,807 | 129,781 | 116,078 | 149,060 | 174,361 | 207,005 | 236,714 | 225,357 | 209,176 | 187,666 | 156,407 | 67,909 | 34,065 | 6,054 | -26,677 | -11,393 | -15,385 | -17,897 |
| Total assets | US$ in thousands | 2,117,090 | 2,073,360 | 2,005,420 | 1,953,370 | 1,909,710 | 1,862,190 | 1,820,860 | 1,802,840 | 1,794,860 | 1,787,770 | 1,761,460 | 1,722,410 | 1,649,810 | 1,603,260 | 1,546,490 | 1,503,720 | 1,468,170 | 1,430,720 | 1,416,770 | 1,416,390 |
| Operating ROA | 8.84% | 8.34% | 7.67% | 6.64% | 6.08% | 8.00% | 9.58% | 11.48% | 13.19% | 12.61% | 11.88% | 10.90% | 9.48% | 4.24% | 2.20% | 0.40% | -1.82% | -0.80% | -1.09% | -1.26% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $187,104K ÷ $2,117,090K
= 8.84%
Onto Innovation Inc's operating return on assets (operating ROA) has shown varied performance over the past few years, as evidenced by the provided data points.
The trend in operating ROA for Onto Innovation Inc shows a notable improvement from negative percentages in the first three quarters of 2020, gradually increasing to reach a positive level in March 2021. The company's operating ROA demonstrated significant growth throughout 2021 and into 2022, with marked improvements seen in each consecutive quarter.
However, as of March 2023, Onto Innovation Inc's operating ROA experienced a decline from its peak level in December 2022. The company's operating ROA continued to decrease in the following quarters of 2023, indicating a potential shift in operational efficiency or profitability.
By the end of December 2024, Onto Innovation Inc's operating ROA had stabilized at around 8.84%, which is a moderate level compared to the peak levels achieved earlier. This suggests that the company may have implemented operational adjustments or faced challenges that impacted its return on assets.
Overall, the fluctuating trend in Onto Innovation Inc's operating ROA highlights the importance of monitoring and assessing the company's operational performance and efficiency to ensure sustained profitability and growth in the future.
Peer comparison
Dec 31, 2024