Ultra Clean Holdings Inc (UCTT)

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	-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	-9,400	-200	-6,700	12,500
Total assets	US$ in thousands	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	1,019,300	1,019,300	1,008,960	1,019,300
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-31,100K ÷ $1,867,700K
= -1.67%

Ultra Clean Holdings Inc has shown a fluctuating trend in its return on assets (ROA) over the past few quarters. The ROA was negative in five out of the last ten quarters, indicating inefficiency in generating profits from its assets. The highest ROA was recorded at 7.83% in the first quarter of 2021, suggesting a strong performance in utilizing its assets to generate earnings. However, there was a sharp decline in ROA in the subsequent quarters.

Overall, the company's ROA has shown variability, indicating that its asset utilization and profitability levels have been inconsistent. Investors and stakeholders may want to closely monitor the company's operational efficiency and profitability going forward to assess its ability to generate returns from its assets.