Ultra Clean Holdings Inc (UCTT)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Net income (ttm) US$ in thousands 23,700 3,600 -8,600 -37,100 -31,100 600 24,800 9,100 40,400 58,000 80,200 122,400 119,500 96,500 89,000 93,200 77,600 44,800 20,900 -600
Total assets US$ in thousands 1,919,900 1,947,500 1,927,300 1,887,600 1,867,700 1,845,500 1,843,700 1,865,900 1,960,900 1,956,000 1,945,400 2,011,600 2,025,400 1,924,000 1,846,700 1,190,600 1,102,500 1,060,300 1,102,500 1,072,200
ROA 1.23% 0.18% -0.45% -1.97% -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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $23,700K ÷ $1,919,900K
= 1.23%

Ultra Clean Holdings Inc's return on assets (ROA) has shown fluctuations over the periods provided in the data.

The ROA was negative in the first quarter of 2020, indicating that the company was not efficiently utilizing its assets to generate profits. Subsequently, the ROA turned positive in the second quarter of 2020 and showed consistent improvement until the first quarter of 2021, reaching its peak at 7.83%. This suggests that the company was effectively using its assets to generate profits during this period.

However, from the second quarter of 2021 to the end of 2024, the ROA experienced fluctuations, declining gradually overall. Although there were some periods of positive returns, the ROA generally decreased, reaching negative values at the end of 2023 and the first quarter of 2024.

These fluctuations in ROA indicate variability in the company's profitability relative to its asset base. It is important for stakeholders to closely monitor these changes and assess the company's asset management and efficiency strategies to ensure sustainable performance in the future.