Veeco Instruments Inc (VECO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 66,981 | 69,940 | 60,296 | 56,710 | 22,565 |
| Total assets | US$ in thousands | 1,251,580 | 1,229,040 | 1,128,180 | 898,976 | 898,064 |
| Operating ROA | 5.35% | 5.69% | 5.34% | 6.31% | 2.51% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $66,981K ÷ $1,251,580K
= 5.35%
The operating return on assets (Operating ROA) for Veeco Instruments Inc has shown a positive trend over the years, starting at 2.51% on December 31, 2020, and steadily increasing to 6.31% by December 31, 2021. Although there was a slight decrease to 5.34% by December 31, 2022, the metric picked up again in the subsequent years, reaching 5.69% by December 31, 2023, and maintaining a similar level at 5.35% by December 31, 2024. This upward trend indicates that Veeco Instruments Inc has been effectively utilizing its assets to generate operating profits, showcasing operational efficiency and potential for future growth.
Peer comparison
Dec 31, 2024