Teradyne Inc (TER)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 448,751 | 503,998 | 559,367 | 637,104 | 715,501 | 767,240 | 840,473 | 971,005 | 1,014,589 | 986,879 | 952,879 | 813,468 | 784,147 | 712,892 | 626,034 | 534,523 | 467,470 | 486,185 | 470,303 | 473,943 |
| Total assets | US$ in thousands | 3,486,820 | 3,370,660 | 3,394,900 | 3,383,410 | 3,501,250 | 3,319,910 | 3,488,430 | 3,609,150 | 3,809,420 | 3,762,180 | 4,000,920 | 3,719,720 | 3,652,350 | 3,436,510 | 3,249,190 | 2,820,390 | 2,787,010 | 2,698,790 | 2,671,510 | 2,616,640 |
| ROA | 12.87% | 14.95% | 16.48% | 18.83% | 20.44% | 23.11% | 24.09% | 26.90% | 26.63% | 26.23% | 23.82% | 21.87% | 21.47% | 20.74% | 19.27% | 18.95% | 16.77% | 18.01% | 17.60% | 18.11% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $448,751K ÷ $3,486,820K
= 12.87%
Teradyne, Inc.'s return on assets (ROA) has shown a downward trend over the past eight quarters, decreasing from 26.90% in Q1 2022 to 12.87% in Q4 2023. This decline indicates that the company's ability to generate profits from its assets has weakened over time. Factors contributing to this trend may include changes in the company's profitability, asset efficiency, or a combination of both. It is crucial for Teradyne, Inc. to closely monitor and analyze the drivers behind this decline in ROA to make informed strategic decisions aimed at improving overall performance and profitability in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Teradyne Inc
TER
12.87%
Agilent Technologies Inc
A
10.88%
Cohu Inc
COHU
2.45%
Itron Inc
ITRI
3.72%