Veeco Instruments Inc (VECO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 67,533 | 87,702 | 85,630 | 82,044 | 69,805 | 59,149 | 54,450 | 53,585 | 60,296 | 64,530 | 63,382 | 63,811 | 56,709 | 49,689 | 40,258 | 27,415 | 22,567 | 5,097 | -9,253 | -20,871 |
| Total assets | US$ in thousands | 1,251,580 | 1,272,870 | 1,235,120 | 1,233,690 | 1,229,040 | 1,246,230 | 1,228,450 | 1,167,250 | 1,128,180 | 996,617 | 916,652 | 920,364 | 898,976 | 997,808 | 975,509 | 945,242 | 898,064 | 889,625 | 865,070 | 832,886 |
| Operating ROA | 5.40% | 6.89% | 6.93% | 6.65% | 5.68% | 4.75% | 4.43% | 4.59% | 5.34% | 6.47% | 6.91% | 6.93% | 6.31% | 4.98% | 4.13% | 2.90% | 2.51% | 0.57% | -1.07% | -2.51% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $67,533K ÷ $1,251,580K
= 5.40%
The operating return on assets (Operating ROA) of Veeco Instruments Inc has shown a fluctuating trend over the quarters provided.
From March 31, 2020, to June 30, 2021, Veeco Instruments Inc had negative operating ROA figures, indicating that the operating income generated from its assets was not sufficient to cover the asset base. However, starting from September 30, 2021, there was a positive turn, with the operating ROA steadily increasing quarter by quarter until reaching a peak of 6.93% on June 30, 2022.
After June 30, 2022, there was a slight decrease in the operating ROA, but it remained at relatively healthy levels above 4%. Over the quarters, the company continued to maintain positive operating ROA figures, indicating an improved ability to generate operating income from its assets.
Overall, the trend suggests that Veeco Instruments Inc has made progress in efficiently utilizing its assets to generate operating income, leading to improved profitability and financial performance. It is essential for the company to continue monitoring and optimizing its asset utilization to sustain and enhance its operating ROA in the future.
Peer comparison
Dec 31, 2024