PDF Solutions Inc (PDFS)
Operating return on assets (Operating ROA)
| 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 income (ttm) | US$ in thousands | -3,602 | 26,737 | 28,200 | 25,280 | 22,062 | 11,541 | 8,653 | 5,131 | 1,017 | -4,666 | -6,214 | -5,502 | -12,078 | -11,103 | -7,674 | -4,616 | 7,650 | -9,565 | -11,005 | -12,260 |
| Total assets | US$ in thousands | 290,136 | 282,453 | 290,272 | 279,288 | 278,671 | 265,975 | 249,167 | 265,577 | 273,768 | 275,224 | 273,670 | 271,131 | 287,580 | 310,608 | 233,696 | 239,357 | 239,544 | 229,347 | 229,671 | 232,685 |
| Operating ROA | -1.24% | 9.47% | 9.72% | 9.05% | 7.92% | 4.34% | 3.47% | 1.93% | 0.37% | -1.70% | -2.27% | -2.03% | -4.20% | -3.57% | -3.28% | -1.93% | 3.19% | -4.17% | -4.79% | -5.27% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-3,602K ÷ $290,136K
= -1.24%
The operating return on assets (operating ROA) for PDF Solutions Inc. has experienced fluctuations over the past eight quarters. In Q4 2023, the company achieved an operating ROA of -0.05%, indicating a slight negative return on its operating assets. This was a decrease from the previous quarter, where the operating ROA was 0.73%, showing a significant decline in profitability.
Looking back over the previous quarters, the operating ROA has shown volatility, with some quarters showing positive returns such as 1.28% in Q2 2023 and others indicating negative returns like -4.52% in Q1 2022. The decreasing trend in operating ROA from Q2 2022 to Q1 2023 indicates potential challenges in generating operating profits relative to the company's asset base during that period.
Overall, the company's performance in terms of operating ROA has been inconsistent, with periods of both positive and negative returns. Further analysis of the company's operating efficiency and effectiveness in utilizing its assets may be necessary to identify the factors contributing to these fluctuations in operating ROA.
Peer comparison
Dec 31, 2023