Veeco Instruments Inc (VECO)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 51.12% | 41.46% | 43.98% | 46.09% | 39.82% |
| Operating profit margin | 12.54% | 9.50% | 10.29% | 5.35% | -9.96% |
| Pretax margin | -5.09% | 8.03% | 4.66% | -2.01% | -19.62% |
| Net profit margin | -5.45% | 26.31% | 4.73% | -1.99% | -19.82% |
Veeco Instruments Inc's profitability ratios have shown fluctuations over the past five years.
The gross profit margin has been relatively stable, ranging from 37.72% in 2019 to 42.77% in 2023. This indicates that the company has been able to maintain a healthy level of profitability after accounting for the cost of goods sold.
The operating profit margin has shown improvement over the years, increasing from -6.96% in 2019 to 10.65% in 2023. This suggests that the company has been able to better control its operating expenses and generate higher profits from its core operations.
The pretax margin has been volatile, with negative figures in 2019 and 2020, followed by positive margins in the subsequent years. This indicates that the company may have experienced difficulties in generating pre-tax profits in those years but has since shown signs of recovery.
The net profit margin also displays significant variability, ranging from -18.78% in 2019 to 25.84% in 2022. The negative margins in the earlier years suggest challenges in generating profits after accounting for all expenses. However, the significant improvement in 2022 indicates a remarkable turnaround in profitability.
Overall, the trend in profitability ratios for Veeco Instruments Inc has been positive, with improvements in operating and net profit margins indicating better management of costs and higher profitability in recent years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.69% | 5.34% | 6.31% | 2.51% | -4.84% |
| Return on assets (ROA) | -2.47% | 14.80% | 2.90% | -0.93% | -9.62% |
| Return on total capital | -1.75% | 7.51% | 8.10% | 2.23% | -8.28% |
| Return on equity (ROE) | -4.52% | 28.89% | 5.95% | -2.05% | -21.02% |
Veeco Instruments Inc's profitability ratios have shown mixed performance over the past five years.
- Operating return on assets (Operating ROA) has fluctuated, with a peak of 6.32% in 2021 and a low of -3.57% in 2019. There was a slight increase from 2022 to 2023, indicating improved operational efficiency.
- Return on assets (ROA) has been volatile, with a significant variation from a high of 14.80% in 2022 to a low of -9.62% in 2019. The negative ROA in 2020 and 2019 suggests challenges in generating profits from the company's assets.
- Return on total capital has also varied, reaching a peak of 8.50% in 2021 and a low of -4.33% in 2019. The steady increase from 2020 to 2023 indicates better utilization of both debt and equity capital.
- Return on equity (ROE) has shown considerable fluctuations, with a high of 28.89% in 2022 and a low of -21.02% in 2019. The negative ROE in some years reflects difficulties in generating returns for the company's shareholders.
Overall, despite the improvements in certain profitability ratios like Operating ROA and Return on total capital in recent years, Veeco Instruments Inc needs to focus on consistently generating profits and enhancing return metrics to ensure sustainable financial performance.