Vicor Corporation (VICR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 53,595 | 25,446 | 56,625 | 17,910 | 14,098 |
| Total assets | US$ in thousands | 594,887 | 536,901 | 477,205 | 396,239 | 240,727 |
| ROA | 9.01% | 4.74% | 11.87% | 4.52% | 5.86% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $53,595K ÷ $594,887K
= 9.01%
The return on assets (ROA) of Vicor Corp. has varied over the past five years. In 2023, the ROA increased significantly to 9.01% from 4.74% in 2022, indicating improved efficiency in generating profits from its assets. This could be attributed to better asset utilization or increased profitability compared to the prior year.
In 2021, the ROA was notably high at 11.87%, reflecting a strong ability to generate earnings relative to its total assets. However, there was a dip in 2020 to 4.52%, which suggests a decline in either profitability or asset efficiency during that year.
The ROA in 2019 stood at 5.86%, indicating a moderate return on assets relative to the other years analyzed. Overall, the trend in Vicor Corp.'s ROA suggests fluctuations in the company's efficiency in utilizing its assets to generate profits over the past five years. It would be beneficial for the company to further examine the factors influencing these fluctuations to maintain or improve its performance in the future.
Peer comparison
Dec 31, 2023