Veeco Instruments Inc (VECO)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -30,368 | 166,942 | 26,038 | -8,391 | -78,733 |
| Total stockholders’ equity | US$ in thousands | 672,442 | 577,824 | 437,628 | 408,374 | 374,512 |
| ROE | -4.52% | 28.89% | 5.95% | -2.05% | -21.02% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-30,368K ÷ $672,442K
= -4.52%
Veeco Instruments Inc has experienced a fluctuating trend in its return on equity (ROE) over the past five years. In 2023, the ROE was negative at -4.52%, indicating that the company generated a negative return for shareholders relative to their equity investment. This was a significant decline from the previous year's ROE of 28.89%, where the company delivered a strong return to shareholders.
The ROE of 5.95% in 2021 indicates a moderate profitability level, showing an improvement from the negative ROE of -2.05% in 2020. However, Veeco's performance in 2019 was notably weak with an ROE of -21.02%.
It is evident that Veeco Instruments Inc has experienced inconsistency in generating returns on equity over the years, with both positive and negative swings. The negative ROE in 2023 raises concerns about the company's ability to efficiently utilize shareholder equity to generate profits. This trend underscores the importance of monitoring and analyzing the company's financial performance and efficiency in generating returns for shareholders.
Peer comparison
Dec 31, 2023