Vishay Intertechnology Inc (VSH)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 486,144 | 543,622 | 611,594 | 627,801 | 615,486 | 601,823 | 542,242 | 516,791 | 467,802 | 406,169 | 344,138 | 259,566 | 209,710 | 173,876 | 163,414 | 202,103 | 262,430 | 357,919 | 444,989 | 488,793 |
| Total assets | US$ in thousands | 4,239,920 | 4,241,210 | 4,187,460 | 4,062,670 | 3,865,650 | 3,620,550 | 3,563,590 | 3,580,170 | 3,543,260 | 3,424,280 | 3,350,780 | 3,210,560 | 3,154,470 | 3,033,830 | 3,024,850 | 3,116,500 | 3,120,780 | 3,072,190 | 3,156,130 | 3,181,050 |
| Operating ROA | 11.47% | 12.82% | 14.61% | 15.45% | 15.92% | 16.62% | 15.22% | 14.43% | 13.20% | 11.86% | 10.27% | 8.08% | 6.65% | 5.73% | 5.40% | 6.48% | 8.41% | 11.65% | 14.10% | 15.37% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $486,144K ÷ $4,239,920K
= 11.47%
Vishay Intertechnology, Inc.'s operating return on assets (operating ROA) has shown a gradual decline in recent quarters. Starting at a high of 15.92% in Q4 2022, the operating ROA has decreased to 11.47% in Q4 2023. This downward trend may indicate potential inefficiencies in the company's operations or a decrease in profitability relative to its assets. However, it is worth noting that even with the decline, the operating ROA has generally remained above 10% throughout the observed period, suggesting that the company is still generating a positive return on its assets. Further analysis of the company's operational efficiency and profitability drivers may be necessary to better understand the reasons behind the decreasing trend in operating ROA.
Peer comparison
Dec 31, 2023