Onto Innovation Inc (ONTO)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 52.19% | 52.10% | 51.42% | 51.28% | 51.51% | 52.87% | 53.66% | 53.29% | 53.64% | 53.79% | 53.72% | 54.55% | 54.39% | 52.98% | 52.80% | 52.28% | 50.04% | 46.50% | 44.79% | 43.03% |
| Operating profit margin | 18.95% | 18.35% | 17.14% | 15.35% | 14.23% | 17.53% | 19.43% | 21.50% | 23.55% | 23.05% | 22.64% | 21.80% | 19.83% | 9.45% | 5.29% | 1.03% | -4.79% | -2.18% | -3.36% | -4.65% |
| Pretax margin | 22.33% | 21.54% | 20.14% | 17.89% | 16.25% | 19.32% | 20.67% | 22.31% | 24.03% | 23.13% | 22.65% | 21.84% | 19.73% | 16.73% | 13.35% | 9.81% | 4.83% | -4.95% | -6.07% | -7.57% |
| Net profit margin | 20.43% | 19.44% | 18.50% | 16.43% | 14.85% | 18.47% | 19.32% | 20.67% | 22.22% | 20.85% | 20.36% | 19.93% | 18.04% | 16.08% | 13.53% | 10.16% | 5.58% | -1.27% | -1.78% | -2.62% |
1. Gross Profit Margin: Onto Innovation Inc has shown a consistent improvement in its gross profit margin over the years, starting at 43.03% on March 31, 2020, and reaching 52.19% on December 31, 2024. The company's ability to control the cost of goods sold and increase efficiency in production is reflected in this increasing trend.
2. Operating Profit Margin: Despite initial negative values in the operating profit margin in 2020, Onto Innovation Inc was able to turn this around and achieve positive margins from March 31, 2021, onwards. The operating profit margin steadily increased, indicating the company's success in managing operating expenses and generating profits from its core operations.
3. Pretax Margin: Onto Innovation Inc demonstrated a significant improvement in its pretax margin, which started at negative values in 2020 and reached 22.33% on December 31, 2024. This growth signifies the company's ability to increase profits before accounting for taxes, showcasing effective cost management and revenue generation strategies.
4. Net Profit Margin: The net profit margin of Onto Innovation Inc also shows a positive trend, with an increase from 5.58% on December 31, 2020, to 20.43% on December 31, 2024. This indicates the company's efficiency in managing its overall expenses and generating higher net profits relative to its total revenue.
Overall, Onto Innovation Inc has shown consistent growth in its profitability margins over the years, reflecting efficient cost management, improved operational efficiency, and strong revenue generation capabilities.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 9.53% | 8.83% | 8.28% | 7.11% | 6.34% | 8.43% | 9.52% | 11.04% | 12.44% | 11.40% | 10.68% | 9.96% | 8.63% | 7.21% | 5.64% | 3.96% | 2.11% | -0.46% | -0.58% | -0.71% |
| Return on total capital | 9.72% | 9.08% | 8.40% | 7.28% | 6.68% | 8.79% | 10.52% | 12.74% | 14.83% | 14.36% | 13.69% | 12.75% | 10.97% | 4.94% | 2.56% | 0.47% | -2.11% | -0.92% | -1.26% | -1.46% |
| Return on equity (ROE) | 10.47% | 9.62% | 9.06% | 7.80% | 6.98% | 9.26% | 10.47% | 12.25% | 13.99% | 12.99% | 12.31% | 11.65% | 9.98% | 8.41% | 6.56% | 4.61% | 2.45% | -0.54% | -0.67% | -0.82% |
Onto Innovation Inc's profitability ratios show a mixed performance over the analyzed period.
The operating return on assets (Operating ROA) started in negative territory in March 2020, gradually improved, reaching its peak at 13.19% in December 2022. However, there was a slight decline to 6.08% by December 2023, and then a modest rise to 8.84% by December 2024.
The return on assets (ROA) also began negatively in March 2020 and then saw steady growth, peaking at 12.44% in December 2022. Subsequently, there was a decline in the ratio to 8.83% by September 2024.
Return on total capital had a similar trajectory, initially in negative territory in March 2020, but saw consistent growth, reaching its highest point at 14.83% in December 2022. It then decreased to 9.72% by December 2024.
The return on equity (ROE) followed a comparable pattern, starting negatively in March 2020, rising steadily, and peaking at 13.99% in December 2022. The ratio then experienced a slight decline to 10.47% by December 2024.
Overall, the company has shown improved profitability metrics over the period, but there were some fluctuations in the ratios, indicating possible changes in the efficiency of asset utilization and capital management. Keeping a close eye on these ratios will be crucial for assessing the company's ongoing financial health and performance.