Vishay Intertechnology Inc (VSH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 323,820 | 428,810 | 297,970 | 122,923 | 163,936 |
| Total assets | US$ in thousands | 4,239,920 | 3,865,650 | 3,543,260 | 3,154,470 | 3,120,780 |
| ROA | 7.64% | 11.09% | 8.41% | 3.90% | 5.25% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $323,820K ÷ $4,239,920K
= 7.64%
Vishay Intertechnology, Inc.'s return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA decreased to 7.64% from the previous year's 11.09%. This decline indicates that the company's ability to generate profits from its assets decreased compared to 2022. However, the 2023 ROA is still higher than the ROA figures in 2021, 2020, and 2019, indicating an overall improvement in the company's asset utilization over the past five years. Although the 2023 ROA is lower than the recent peak in 2022, it remains relatively solid and suggests that Vishay Intertechnology is effectively managing its assets to generate returns for its stakeholders. Further analysis and comparison with industry peers may provide additional insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023