GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SkyWater Technology Inc (NAS:SKYT) » Definitions » ROE %

SkyWater Technology (SkyWater Technology) ROE % : -70.83% (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is SkyWater Technology ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SkyWater Technology's annualized net income for the quarter that ended in Dec. 2023 was $-41.3 Mil. SkyWater Technology's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $58.3 Mil. Therefore, SkyWater Technology's annualized ROE % for the quarter that ended in Dec. 2023 was -70.83%.

The historical rank and industry rank for SkyWater Technology's ROE % or its related term are showing as below:

SKYT' s ROE % Range Over the Past 10 Years
Min: -170.73   Med: -68.98   Max: -53.75
Current: -53.75

During the past 5 years, SkyWater Technology's highest ROE % was -53.75%. The lowest was -170.73%. And the median was -68.98%.

SKYT's ROE % is ranked worse than
93.56% of 978 companies
in the Semiconductors industry
Industry Median: 4.52 vs SKYT: -53.75

SkyWater Technology ROE % Historical Data

The historical data trend for SkyWater Technology's ROE % 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.

SkyWater Technology ROE % Chart

SkyWater Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
-67.94 -170.73 -165.91 -68.98 -57.27

SkyWater Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % 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 -27.01 -31.03 -59.34 -49.54 -70.83

Competitive Comparison of SkyWater Technology's ROE %

For the Semiconductors subindustry, SkyWater Technology's ROE %, along with its competitors' market caps and ROE % 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.


SkyWater Technology's ROE % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SkyWater Technology's ROE % distribution charts can be found below:

* The bar in red indicates where SkyWater Technology's ROE % falls into.



SkyWater Technology ROE % Calculation

SkyWater Technology's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-30.756/( (53.669+53.74)/ 2 )
=-30.756/53.7045
=-57.27 %

SkyWater Technology's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-41.3/( (62.878+53.74)/ 2 )
=-41.3/58.309
=-70.83 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


SkyWater Technology  (NAS:SKYT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-41.3/58.309
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-41.3 / 316.612)*(316.612 / 308.2325)*(308.2325 / 58.309)
=Net Margin %*Asset Turnover*Equity Multiplier
=-13.04 %*1.0272*5.2862
=ROA %*Equity Multiplier
=-13.39 %*5.2862
=-70.83 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-41.3/58.309
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-41.3 / -35.404) * (-35.404 / -23.812) * (-23.812 / 316.612) * (316.612 / 308.2325) * (308.2325 / 58.309)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.1665 * 1.4868 * -7.52 % * 1.0272 * 5.2862
=-70.83 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


SkyWater Technology ROE % Related Terms

Thank you for viewing the detailed overview of SkyWater Technology's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


SkyWater Technology (SkyWater Technology) Business Description

Traded in Other Exchanges
N/A
Address
2401 East 86th Street, Bloomington, MN, USA, 55425
SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace, defense, or A&D, automotive and transportation, bio-health, consumer, and industrial/internet of things.
Executives
Thomas Sonderman director, officer: President & CEO 16 JONSPIN ROAD, WILMINGTON MA 01887
Christopher Hilberg officer: Chief Legal Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Loren A Unterseher director, 10 percent owner 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Edward Daly director 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
John Sakamoto officer: President and COO 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Manko officer: CFO 2401 EAST 86TH ST, BLOOMINGTON MN 55425
Bradley Ferguson officer: Chief Govt Affairs Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Kosier officer: Chief Technology Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Amanda Daniel officer: Chief Human Resources Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Mark Litecky officer: Chief Revenue Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Ddk Developments, L.l.c. 10 percent owner C/O BART L. ZIBROWSKI, 740 SADDLE WOOD DRIVE, EAGAN MN 55123
Bart L Zibrowski 10 percent owner 740 SADDLE WOOD DRIVE, EAGAN MN 55123
Gregory B Graves director 129 CONCORD ROAD, BILLERICA MA 01821
John T Kurtzweil director C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Cmi Oxbow Partners, Llc director, 10 percent owner C/O OXBOW INDUSTRIES, LLC, 4450 EXCELSIOR BOULEVARD, SUITE 440, MINNEAPOLIS MN 55416

SkyWater Technology (SkyWater Technology) Headlines