Ultra Clean Holdings Inc (UCTT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 23,700 | -31,100 | 40,400 | 119,500 | 77,600 |
| Total assets | US$ in thousands | 1,919,900 | 1,867,700 | 1,960,900 | 2,025,400 | 1,102,500 |
| ROA | 1.23% | -1.67% | 2.06% | 5.90% | 7.04% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $23,700K ÷ $1,919,900K
= 1.23%
The return on assets (ROA) for Ultra Clean Holdings Inc has shown a declining trend over the period from December 31, 2020, to December 31, 2024. Starting at 7.04% in 2020, the ROA decreased to 5.90% in 2021, then experienced a notable decline to 2.06% in 2022.
However, the trend took a negative turn in 2023 with a negative ROA of -1.67%, indicating that the company's assets were not generating a positive return during that period. In 2024, there was a slight improvement as the ROA was recorded at 1.23%, but it still remained below the levels seen in the earlier years.
Overall, the decreasing trend in ROA suggests that Ultra Clean Holdings Inc may be facing challenges in effectively utilizing its assets to generate profits during the analyzed period. Further analysis and investigation into the company's operations and financial performance may be required to understand the factors contributing to this decline in return on assets.
Peer comparison
Dec 31, 2024