Veeco Instruments Inc (VECO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -30,368 | 76,911 | 67,378 | 162,353 | 166,942 | 46,229 | 40,181 | 36,874 | 26,038 | 17,733 | 9,320 | -5,330 | -8,391 | -41,160 | -53,507 | -60,770 | -78,733 | -190,536 | -187,722 | -409,791 |
| 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 |
| ROA | -2.47% | 6.17% | 5.48% | 13.91% | 14.80% | 4.64% | 4.38% | 4.01% | 2.90% | 1.78% | 0.96% | -0.56% | -0.93% | -4.63% | -6.19% | -7.30% | -9.62% | -22.10% | -21.43% | -46.27% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-30,368K ÷ $1,229,040K
= -2.47%
Veeco Instruments Inc's Return on Assets (ROA) has been fluctuating over the past eight quarters. In Q4 2023, the ROA was at -2.47%, indicating a negative return generated from its assets. This sharp decline from the previous quarter's ROA of 6.17% may signal potential operational or financial challenges.
However, Q3 2023 saw a significant improvement in ROA to 6.17%, suggesting better asset utilization and profitability during that period. The subsequent quarters, Q2 and Q1 2023, also maintained relatively strong ROA figures of 5.48% and 13.91% respectively, reflecting efficient use of assets to generate profits.
Comparing these results to the same quarters in the previous year, there has been a notable decline in ROA performance. Q4 2022 had the highest ROA at 14.80%, highlighting a decrease in asset efficiency and profitability over time.
Overall, Veeco Instruments Inc's ROA trend shows inconsistency and some fluctuations, indicating the company's varying ability to generate profits relative to its asset base. Further analysis and investigation into the factors driving these fluctuations would be necessary to understand the company's financial performance comprehensively.
Peer comparison
Dec 31, 2023