Veeco Instruments Inc (VECO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 770,770 | 672,442 | 577,824 | 437,628 | 408,374 |
| ROE | 9.56% | -4.52% | 28.89% | 5.95% | -2.05% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $73,714K ÷ $770,770K
= 9.56%
Veeco Instruments Inc's return on equity (ROE) has displayed significant variability over the past five years. In 2020, the company reported a negative ROE of -2.05%, indicating that it generated a net loss compared to its shareholders' equity. By the end of 2021, Veeco Instruments Inc improved its ROE to 5.95%, reflecting a modest return for shareholders.
The company experienced a notable surge in ROE in 2022, reaching 28.89%, signaling a significant increase in its profitability and efficiency in generating returns on equity. However, this strong performance was followed by a decline in 2023, as Veeco Instruments Inc's ROE dropped to -4.52%, indicating a decrease in profitability and efficiency.
In 2024, Veeco Instruments Inc managed to rebound with a ROE of 9.56%, showing an improvement from the previous year. Overall, Veeco Instruments Inc's ROE has shown fluctuations, highlighting the company's ability to effectively utilize its shareholders' equity to generate profits. It is essential for investors and stakeholders to monitor these fluctuations and trends to assess the company's financial performance and stability over time.
Peer comparison
Dec 31, 2024