Veeco Instruments Inc (VECO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 69,940 | 59,149 | 54,450 | 53,585 | 60,296 | 64,529 | 63,381 | 63,810 | 56,708 | 49,689 | 40,258 | 27,415 | 22,567 | 5,096 | -9,254 | -20,872 | -39,579 | -171,695 | -168,203 | -418,208 |
| Total assets | US$ in thousands | 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 | 818,088 | 862,276 | 875,863 | 885,594 |
| Operating ROA | 5.69% | 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% | -4.84% | -19.91% | -19.20% | -47.22% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $69,940K ÷ $1,229,040K
= 5.69%
Veeco Instruments Inc's operating return on assets (operating ROA) has displayed some fluctuations over the past eight quarters. The operating ROA ranged from a high of 6.93% in Q1 2022 to a low of 4.45% in Q2 2023. Overall, the trend shows a slight decrease in operating ROA from Q1 2022 to Q2 2023. The decreasing trend may indicate that the company's operating profit generated from its assets has been somewhat inconsistent or lower in recent quarters. Further analysis of the company's operational efficiency and profitability drivers may be necessary to understand the factors contributing to the variations in operating ROA.
Peer comparison
Dec 31, 2023