Ultra Clean Holdings Inc (UCTT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	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	436,700	440,964	439,101	438,090
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-31,100K ÷ $838,900K
= -3.71%

Ultra Clean Holdings Inc's return on equity (ROE) has shown fluctuations over the past few quarters. In the most recent quarter ending Dec 31, 2023, the ROE was negative at -3.71%, indicating a decline in the profitability of shareholders' equity. This contrasts with the slight positive ROE of 0.07% in the previous quarter.

Looking back over the last year, the ROE has ranged from negative values to double-digit percentages. The trend shows a decline from the peak ROE of 16.71% in the quarter ending Mar 31, 2021, to the recent negative values in 2023.

The downward trend in ROE may suggest challenges in generating profit relative to shareholders' equity. It could be indicative of operational inefficiencies, increased expenses, or difficulties in maintaining profitability. Further analysis would be needed to understand the factors contributing to the fluctuating ROE and to identify potential areas for improvement in the company's financial performance.