Ultra Clean Holdings Inc (UCTT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	873,600	857,900	852,300	830,900	838,900	838,000	849,800	870,700	887,900	856,700	845,600	879,600	848,900	800,000	767,500	557,600	532,600	500,100	470,500	445,900
ROE		2.71%	0.42%	-1.01%	-4.47%	-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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $23,700K ÷ $873,600K
= 2.71%

Ultra Clean Holdings Inc's return on equity (ROE) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROE started at a negative level of -0.13% in March 2020 and gradually improved to reach a peak of 16.71% by March 31, 2021. This indicated a positive trend in the company's ability to generate profits from shareholders' equity during this period.

However, after reaching its peak, the ROE started to fluctuate and declined to 4.55% by December 31, 2022. The subsequent periods saw further declines with ROE turning negative in March 31, 2023 and remaining negative until June 30, 2024. This suggests declining profitability or inefficiency in utilizing shareholders' equity to generate returns.

The uptick in ROE to 2.71% by December 31, 2024 indicates a slight improvement in the company's profitability compared to the previous periods. Overall, the ROE trend for Ultra Clean Holdings Inc reflects varying levels of profitability and efficiency in utilizing equity over the analyzed period.