PDF Solutions Inc (PDFS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,105 | -3,429 | -21,488 | -40,363 | -5,418 |
| Total assets | US$ in thousands | 290,136 | 278,671 | 273,768 | 287,580 | 239,544 |
| ROA | 1.07% | -1.23% | -7.85% | -14.04% | -2.26% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $3,105K ÷ $290,136K
= 1.07%
PDF Solutions Inc.'s return on assets (ROA) has shown fluctuations over the past five years. In 2023, the ROA improved to 1.07% compared to the previous year where it was negative at -1.23%. This positive ROA indicates that the company generated a profit through its assets in 2023.
However, looking back further, PDF Solutions Inc. faced challenges as its ROA was negative in the preceding three years, indicating that the company was struggling to generate profits relative to its asset base. The most significant drop was observed in 2020, with an ROA of -14.04%, indicating a substantial loss relative to its assets in that year.
Overall, while the recent improvement in ROA is a positive sign, investors may want to monitor the company's ability to sustain profitability and operational efficiency over the long term.
Peer comparison
Dec 31, 2023