Onto Innovation Inc (ONTO)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 201,670 | 183,162 | 165,997 | 138,944 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,925,880 | 1,903,520 | 1,831,680 | 1,781,550 | 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 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $201,670K ÷ $1,925,880K
= 10.47%
Onto Innovation Inc's Return on Equity (ROE) has shown fluctuation over the past few years according to the provided data. The company's ROE was negative for the fiscal year ending December 31, 2020, improving significantly to 2.45% by the end of that year. Subsequently, the ROE continued to show an upward trend, reaching 13.99% by the end of December 31, 2022.
However, there was a slight decline in ROE in the following periods, dropping to 6.98% by the end of December 31, 2023, before showing a recovery to 10.47% by the end of December 31, 2024.
Overall, Onto Innovation Inc's ROE has shown improvement over the years, with some fluctuations in the interim periods. It is essential to monitor this ratio continuously to assess the company's efficiency in generating profits from shareholders' equity.
Peer comparison
Dec 31, 2024