Onto Innovation Inc (ONTO)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 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% | 44.14% | 51.63% | 52.14% | 50.57% |
| Operating profit margin | 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% | -1.65% | 5.55% | 6.56% | 11.55% |
| Pretax margin | 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% | -5.34% | 11.24% | 12.66% | 15.61% |
| Net profit margin | 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% | 0.62% | 11.18% | 11.55% | 13.77% |
The profitability ratios of Onto Innovation Inc over the past few quarters show varying trends.
1. Gross Profit Margin: The company's gross profit margin has generally remained within the range of 50% to 55% over the periods analyzed. This indicates the company's ability to efficiently manage its production costs and generate profit from its core operations.
2. Operating Profit Margin: Onto Innovation Inc's operating profit margin has fluctuated notably, ranging from around 1% to 23% over the observed quarters. The company has experienced both improvements and declines in this metric, reflecting changes in its operational efficiency and cost management.
3. Pretax Margin: The pretax margin has also exhibited fluctuations, ranging from around -7% to 24% across the quarters analyzed. This metric provides insight into the company's ability to generate profit before accounting for taxes, showing the impact of both operating and non-operating activities on its overall profitability.
4. Net Profit Margin: The net profit margin has shown similar variability, ranging from around -3% to 22% across the quarters. This metric reflects the company's bottom-line profitability after accounting for all expenses, including taxes. The fluctuations in net profit margin indicate the impact of various factors, such as operating expenses, tax liabilities, and non-operating income, on the company's overall profitability.
Overall, the analysis of Onto Innovation Inc's profitability ratios highlights the company's ability to generate profit from its core operations, but also demonstrates the impact of operational efficiency, cost management, and other factors on its overall profitability performance over the analyzed periods.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | -0.35% | 3.48% | 4.12% | 8.24% |
| Return on assets (ROA) | 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% | 0.13% | 7.00% | 7.25% | 9.82% |
| Return on total capital | 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% | -0.40% | 6.35% | 7.79% | 11.25% |
| Return on equity (ROE) | 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% | 0.15% | 7.20% | 7.52% | 10.15% |
Onto Innovation Inc's profitability ratios have demonstrated fluctuations over the past five years. The operating return on assets (Operating ROA) has generally shown a positive trend, increasing from -1.26% in March 2020 to 11.48% in March 2023. This indicates the company's ability to generate profits from its assets through core operations.
Return on assets (ROA) has also fluctuated, with a noticeable improvement from -0.71% in March 2020 to 11.04% in March 2023. ROA reflects Onto Innovation's overall profitability relative to its total assets.
Return on total capital has followed a similar pattern, increasing from -1.46% in March 2020 to 12.74% in March 2023. This measure assesses the company's ability to generate returns from all capital invested in the business.
Return on equity (ROE) has also varied, with a significant increase from -0.82% in March 2020 to 12.25% in March 2023. ROE indicates how effectively Onto Innovation is utilizing shareholder equity to generate profits.
Overall, Onto Innovation Inc's profitability ratios have shown improvement over the past five years, reflecting the company's efforts to enhance operational efficiency and profitability. However, continued monitoring of these ratios is necessary to ensure sustained financial performance.