Veeco Instruments Inc (VECO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 73,714 | -30,368 | 166,942 | 26,038 | -8,391 |
| Total assets | US$ in thousands | 1,251,580 | 1,229,040 | 1,128,180 | 898,976 | 898,064 |
| ROA | 5.89% | -2.47% | 14.80% | 2.90% | -0.93% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $73,714K ÷ $1,251,580K
= 5.89%
Veeco Instruments Inc's return on assets (ROA) has displayed significant fluctuations over the past five years. In 2020, the company experienced a negative ROA of -0.93%, indicating that its assets generated a loss during that period. However, there was a substantial improvement in ROA in 2021, reaching 2.90%, suggesting a more efficient asset utilization leading to profitability.
The year 2022 witnessed a remarkable increase in ROA to 14.80%, reflecting a significant enhancement in the company's ability to generate profit from its assets. However, in 2023, Veeco Instruments Inc experienced a decrease in ROA to -2.47%, indicating a decline in asset efficiency and profitability.
Nevertheless, in 2024, the company's ROA recovered to 5.89%, indicating improved performance in utilizing assets to generate profits compared to the previous year. Overall, the fluctuating ROA figures suggest variability in Veeco Instruments Inc's ability to effectively utilize its assets to generate returns, highlighting the company's responsiveness to operational and market conditions.
Peer comparison
Dec 31, 2024