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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Vishay Intertechnology's annualized Net Income for the quarter that ended in Mar. 2024 was $124 Mil. Vishay Intertechnology's average Total Assets over the quarter that ended in Mar. 2024 was $4,252 Mil. Therefore, Vishay Intertechnology's annualized ROA % for the quarter that ended in Mar. 2024 was 2.91%.
The historical rank and industry rank for Vishay Intertechnology's ROA % or its related term are showing as below:
During the past 13 years, Vishay Intertechnology's highest ROA % was 11.58%. The lowest was -3.38%. And the median was 4.60%.
The historical data trend for Vishay Intertechnology's ROA % 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.
Vishay Intertechnology Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROA % | Get a 7-Day Free Trial | 5.27 | 3.92 | 8.90 | 11.58 | 7.99 |
Vishay Intertechnology Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROA % | Get a 7-Day Free Trial | 11.28 | 9.22 | 6.22 | 4.86 | 2.91 |
For the Semiconductors subindustry, Vishay Intertechnology's ROA %, along with its competitors' market caps and ROA % 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.
For the Semiconductors industry and Technology sector, Vishay Intertechnology's ROA % distribution charts can be found below:
* The bar in red indicates where Vishay Intertechnology's ROA % falls into.
Vishay Intertechnology's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:
ROA % | = | Net Income (A: Dec. 2023 ) | / | ( (Total Assets (A: Dec. 2022 ) | + | Total Assets (A: Dec. 2023 )) | / count ) |
= | 323.82 | / | ( (3865.653 | + | 4239.923) | / 2 ) | |
= | 323.82 | / | 4052.788 | ||||
= | 7.99 % |
Vishay Intertechnology's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:
ROA % | = | Net Income (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 123.696 | / | ( (4239.923 | + | 4264.064) | / 2 ) | |
= | 123.696 | / | 4251.9935 | ||||
= | 2.91 % |
* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.
Vishay Intertechnology (NYSE:VSH) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 123.696 | / | 4251.9935 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (123.696 / 2985.116) | * | (2985.116 / 4251.9935) |
= | Net Margin % | * | Asset Turnover |
= | 4.14 % | * | 0.7021 |
= | 2.91 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.
* 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.
Be Aware
Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Thank you for viewing the detailed overview of Vishay Intertechnology's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Marc Zandman | director, officer: ExecChairman & Chief Bus Dev | C/O VISHAY INTERTECHNOLOGY, INC., 63 LINCOLN HIGHWAY, MALVERN PA 19355 |
Abraham Ludomirski | director | SUITE 190, 7 GREAT VALLEY PARKWAY, MALVERN PA 19355 |
Joel Smejkal | director, officer: President and CEO | 63 LANCASTER AVE, MALVERN PA 19355 |
Roy Shoshani | officer: EVP & Chief Technical Officer | 63 LANCASTER AVE, MALVERN PA 19355 |
Peter Henrici | officer: EVP - Corporate Development | 63 LANCASTER AVE, MALVERN PA 19355 |
Lori Lipcaman | officer: EVP & Chief Financial Officer | C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVENUE, MALVERN PA 19355 |
Jeffrey Allen Webster | officer: EVP & Chief Operating Officer | 63 LANCASTER AVE, MALVERN PA 19355 |
Andreas Randebrock | officer: EVP - Global Human Resources | 63 LANCASTER AVE, MALVERN PA 19355 |
Gerald Paul | director, officer: President and CEO | |
Raanan Zilberman | director | 63 LANCASTER AVE, MALVERN PA 19355 |
Michiko Kurahashi | director | 63 LANCASTER AVE, MALVERN PA 19355 |
Renee B Booth | director | C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355 |
Ziv Shoshani | director, officer: Exec. VP and COO | C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355 |
Ruta Zandman | director | |
Michael J Cody | director | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
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