Veeco Instruments Inc (VECO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 73,714 | 80,386 | 83,009 | -17,255 | -30,368 | 76,911 | 69,927 | 166,175 | 173,308 | 52,595 | 43,998 | 39,418 | 26,038 | 17,733 | 9,320 | -5,330 | -8,391 | -41,160 | -53,507 | -60,770 |
| 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 |
| ROA | 5.89% | 6.32% | 6.72% | -1.40% | -2.47% | 6.17% | 5.69% | 14.24% | 15.36% | 5.28% | 4.80% | 4.28% | 2.90% | 1.78% | 0.96% | -0.56% | -0.93% | -4.63% | -6.19% | -7.30% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $73,714K ÷ $1,251,580K
= 5.89%
Veeco Instruments Inc's return on assets (ROA) has shown a fluctuating trend over the past few years, indicating varying levels of efficiency in generating profits from its assets. The ROA was negative in the early part of the data period, reaching its lowest point at -7.30% in March 2020. It gradually improved and turned positive by the second half of 2021, with a noticeable increase in the latter half of 2022 and early 2023, peaking at 15.36% in December 2022. This significant improvement suggests that the company was able to enhance its profitability relative to its asset base during this period.
However, the ROA declined in the subsequent quarters, dropping to negative figures again by March 2024. The overall trend indicates that while Veeco Instruments Inc experienced periods of strong profitability relative to its assets, there have also been downturns where the company's asset utilization and profitability suffered.
It is essential for stakeholders to monitor Veeco Instruments Inc's ROA closely to assess the company's efficiency in utilizing its assets to generate earnings and to understand the potential impact on overall financial performance and valuation. The management may need to focus on strategies to sustain and improve ROA levels to ensure long-term financial health and value creation for the company and its shareholders.
Peer comparison
Dec 31, 2024