Ultra Clean Holdings Inc (UCTT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 15.99% | 16.95% | 18.18% | 18.91% | 19.58% | 20.04% | 20.30% | 20.32% | 20.46% | 20.39% | 20.35% | 20.93% | 20.86% | 20.56% | 20.18% | 19.32% | 18.46% | 17.97% | 17.10% | 16.49% |
| Operating profit margin | 2.03% | 4.01% | 5.11% | 3.88% | 5.07% | 5.75% | 6.56% | 8.50% | 8.84% | 8.40% | 8.42% | 9.31% | 8.68% | 7.05% | 5.48% | 3.93% | 2.80% | 3.44% | 2.79% | 4.03% |
| Pretax margin | -1.16% | 1.41% | 2.78% | 1.87% | 3.29% | 3.86% | 4.79% | 6.75% | 7.01% | 6.59% | 6.68% | 7.69% | 6.93% | 4.68% | 3.05% | 1.10% | 0.06% | 1.28% | 0.74% | 2.57% |
| Net profit margin | -1.79% | 0.03% | 1.21% | 0.41% | 1.70% | 2.39% | 3.43% | 5.44% | 5.69% | 5.20% | 5.34% | 6.23% | 5.55% | 3.41% | 1.73% | -0.05% | -0.88% | -0.02% | -0.66% | 1.20% |
Ultra Clean Holdings Inc's profitability ratios have shown a declining trend over the past several quarters. The gross profit margin has decreased from 19.58% in Q4 2022 to 15.99% in Q4 2023, indicating a decrease in the company's ability to control production costs and generate profits from its core operations.
Similarly, the operating profit margin has also declined from 5.07% in Q4 2022 to 2.03% in Q4 2023. This suggests that the company's operating expenses have increased relative to its revenues, impacting its profitability at the operating level.
The pretax margin and net profit margin have followed a similar pattern of decline, indicating that the company's overall profitability has been under pressure. The pretax margin dropped from 3.29% in Q4 2022 to -1.16% in Q4 2023, while the net profit margin decreased from 1.70% to -1.79% over the same period.
Overall, Ultra Clean Holdings Inc's profitability ratios reveal a concerning trend of decreasing margins, which may be a cause for further analysis and management attention to address the underlying factors impacting the company's profitability.
Return on investment
| 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 return on assets (Operating ROA) | 1.88% | 4.04% | 5.70% | 4.66% | 6.13% | 7.12% | 7.90% | 9.49% | 9.17% | 8.11% | 7.60% | 11.69% | 11.01% | 8.74% | 6.00% | 4.13% | 2.93% | 3.50% | 2.81% | 4.12% |
| Return on assets (ROA) | -1.67% | 0.03% | 1.35% | 0.49% | 2.06% | 2.97% | 4.12% | 6.08% | 5.90% | 5.02% | 4.82% | 7.83% | 7.04% | 4.23% | 1.90% | -0.06% | -0.92% | -0.02% | -0.66% | 1.23% |
| Return on total capital | 2.20% | 5.60% | 7.67% | 6.06% | 8.12% | 9.03% | 16.47% | 20.33% | 12.45% | 10.69% | 9.69% | 15.94% | 14.33% | 10.41% | 7.33% | 4.75% | 3.64% | 5.26% | 3.78% | 5.53% |
| Return on equity (ROE) | -3.71% | 0.07% | 2.92% | 1.05% | 4.55% | 6.77% | 9.48% | 13.92% | 14.08% | 12.06% | 11.60% | 16.71% | 14.57% | 8.96% | 4.44% | -0.13% | -2.15% | -0.05% | -1.53% | 2.85% |
Ultra Clean Holdings Inc's profitability ratios have exhibited fluctuations over the past few quarters. The Operating Return on Assets (Operating ROA) has been on a declining trend, indicating that the company's operational efficiency in generating profits from its assets has weakened. Similarly, the Return on Assets (ROA) has shown variability, with some periods experiencing negative returns, suggesting challenges in generating profits from all its assets.
On the other hand, the Return on Total Capital and Return on Equity (ROE) ratios have displayed more stability, although also subject to fluctuations. The Return on Total Capital has shown a consistent positive trend, indicating the company's ability to generate returns for both equity and debt holders. However, the Return on Equity (ROE) has been more volatile, reflecting the impact of financial leverage and net income on shareholders' equity.
Overall, Ultra Clean Holdings Inc's profitability ratios suggest a mix of operational and financial performance challenges, requiring a closer examination of the company's asset utilization, operational efficiency, and capital structure management strategies to enhance overall profitability.