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VECO (Veeco Instruments) Return-on-Tangible-Asset : 4.59% (As of Mar. 2025)


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What is Veeco Instruments Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Veeco Instruments's annualized Net Income for the quarter that ended in Mar. 2025 was $47.8 Mil. Veeco Instruments's average total tangible assets for the quarter that ended in Mar. 2025 was $1,041.8 Mil. Therefore, Veeco Instruments's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 4.59%.

The historical rank and industry rank for Veeco Instruments's Return-on-Tangible-Asset or its related term are showing as below:

VECO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -60.67   Med: -4.07   Max: 20.8
Current: 6.31

During the past 13 years, Veeco Instruments's highest Return-on-Tangible-Asset was 20.80%. The lowest was -60.67%. And the median was -4.07%.

VECO's Return-on-Tangible-Asset is ranked better than
71.27% of 1013 companies
in the Semiconductors industry
Industry Median: 2.32 vs VECO: 6.31

Veeco Instruments Return-on-Tangible-Asset Historical Data

The historical data trend for Veeco Instruments's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veeco Instruments Return-on-Tangible-Asset Chart

Veeco Instruments Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.35 3.85 20.80 -3.21 7.38

Veeco Instruments Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.98 6.11 8.78 5.85 4.59

Competitive Comparison of Veeco Instruments's Return-on-Tangible-Asset

For the Semiconductor Equipment & Materials subindustry, Veeco Instruments's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Veeco Instruments's Return-on-Tangible-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Veeco Instruments's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Veeco Instruments's Return-on-Tangible-Asset falls into.


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Veeco Instruments Return-on-Tangible-Asset Calculation

Veeco Instruments's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=73.714/( (970.132+1027.781)/ 2 )
=73.714/998.9565
=7.38 %

Veeco Instruments's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=47.788/( (1027.781+1055.85)/ 2 )
=47.788/1041.8155
=4.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2025) net income data.


Veeco Instruments  (NAS:VECO) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Veeco Instruments Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Veeco Instruments's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Veeco Instruments Business Description

Traded in Other Exchanges
Address
Terminal Drive, Plainview, NY, USA, 11803
Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for our customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The majority of the company's revenue is generated from sales to the Semiconductor Industry and within China.
Executives
John P Kiernan officer: VP Finance & Corp. Controller C/O VEECO INSTRUMENTS INC, TERMINAL DRIVE, PLAINVIEW NY 11803
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
William John Miller director, officer: CEO C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Adrian Devasahayam officer: SVP - Product Line Development C/O VEECO INSTRUMENTS, 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Susan Wilkerson officer: SVP, Global Sales & Service C/O VEECO INSTRUMENTS INC., PLAINVIEW NY 11803
Mary Jane Raymond director C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Lena Nicolaides director 1250 RELIANCE WAY, FREMONT CA 94539
Peter J Simone director 17075 THORNMINT COURT, SANDIGO CA 92127
Sujeet Chand director ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Peter Porshnev officer: SVP, Unified Engineering C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Shubham Maheshwari officer: EVP, CFO & COO C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
John R Peeler officer: CEO DYNATECH CORP, 3 NEW ENGLAND EXECUTIVE PARK, BURLINGTON MA 01803
Kathleen A Bayless director 1251 MCKAY DRIVE, SAN JOSE CA 95131
Roger D Mcdaniel director C/O ENTEGRIS INC, 3500 LYMAN BOULEVARD, CHASKA MN 55318
Susan Wang director 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538