Onto Innovation Inc (ONTO)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 121,159 | 157,064 | 173,393 | 199,072 | 223,334 | 203,857 | 188,090 | 171,566 | 142,349 | 115,526 | 87,169 | 59,542 | 31,025 | -6,641 | -8,172 | -10,070 | 1,910 | 27,744 | 28,371 | 37,542 |
| Total stockholders’ equity | US$ in thousands | 1,736,540 | 1,696,140 | 1,656,710 | 1,624,620 | 1,596,430 | 1,569,370 | 1,527,940 | 1,472,320 | 1,426,060 | 1,373,550 | 1,329,560 | 1,292,310 | 1,264,750 | 1,237,680 | 1,221,210 | 1,225,800 | 1,264,030 | 385,473 | 377,500 | 369,862 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $121,159K ÷ $1,736,540K
= 6.98%
The return on equity (ROE) of Onto Innovation Inc has fluctuated over the past few years. The ROE has shown a declining trend from 2019 to 2020, dropping to negative values in the first quarter of 2020. However, there has been a subsequent recovery in ROE, with positive values recorded since then.
In recent quarters, the ROE has ranged from 6.98% to 13.99%, indicating some variability in the company's profitability in relation to its shareholders' equity. The highest ROE was observed in the fourth quarter of 2022, at 13.99%, while the lowest was in the first quarter of 2020, at -0.82%.
Overall, the ROE of Onto Innovation Inc reflects the company's ability to generate profits from the shareholders' equity invested. Investors and stakeholders may want to monitor the trend of ROE over time to assess the company's performance and efficiency in utilizing its equity capital.
Peer comparison
Dec 31, 2023