Return on Equity (ROE)
since 2005
Calculation
ON Semiconductor Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to ON Semiconductor Corporation1 | ÷ | Total ON Semiconductor Corporation stockholders’ equity (deficit)1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 28.06% | = | 100 | × | 2,183,700) | ÷ | 7,782,600) |
| Dec 31, 2022 | 30.74% | = | 100 | × | 1,902,200) | ÷ | 6,188,500) |
| Dec 31, 2021 | 22.02% | = | 100 | × | 1,009,600) | ÷ | 4,585,400) |
| Dec 31, 2020 | 6.62% | = | 100 | × | 234,200) | ÷ | 3,538,500) |
| Dec 31, 2019 | 6.41% | = | 100 | × | 211,700) | ÷ | 3,301,700) |
| Dec 31, 2018 | 19.78% | = | 100 | × | 627,400) | ÷ | 3,171,600) |
| Dec 31, 2017 | 29.17% | = | 100 | × | 810,700) | ÷ | 2,778,800) |
| Dec 31, 2016 | 9.99% | = | 100 | × | 182,100) | ÷ | 1,823,200) |
| Dec 31, 2015 | 12.82% | = | 100 | × | 206,200) | ÷ | 1,608,200) |
| Dec 31, 2014 | 11.66% | = | 100 | × | 189,700) | ÷ | 1,626,500) |
| Dec 31, 2013 | 10.37% | = | 100 | × | 150,800) | ÷ | 1,454,000) |
| Dec 31, 2012 | -6.66% | = | 100 | × | (90,600) | ÷ | 1,361,100) |
| Dec 31, 2011 | 0.79% | = | 100 | × | 11,600) | ÷ | 1,468,200) |
| Dec 31, 2010 | 21.27% | = | 100 | × | 290,500) | ÷ | 1,366,000) |
| Dec 31, 2009 | 6.19% | = | 100 | × | 61,000) | ÷ | 985,000) |
| Dec 31, 2008 | -56.00% | = | 100 | × | (380,100) | ÷ | 678,700) |
| Dec 31, 2007 | 1,523.27% | = | 100 | × | 242,200) | ÷ | 15,900) |
| Dec 31, 2006 | — | = | 100 | × | 272,100) | ÷ | (225,400) |
| Dec 31, 2005 | — | = | 100 | × | 100,600) | ÷ | (300,300) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Net Income (Loss) Attributable to ON Semiconductor Corporation
- The net income exhibited significant volatility over the analyzed period. Initial years show positive income in 2005 and 2006 with values of approximately $100.6 million and $272.1 million respectively. A sharp decline occurred in 2008, resulting in a substantial loss of $380.1 million. Following this downturn, the company returned to profitability, with net income fluctuating moderately until a notable surge began in 2017, reaching $810.7 million. This upward trajectory continued, culminating in a peak of $2.18 billion by the end of 2023, reflecting strong financial performance in the latter years.
- Total Stockholders’ Equity (Deficit)
- Stockholders' equity started with a negative balance in 2005 and 2006, indicating a deficit position. A significant recovery occurred in 2007, moving to a positive equity position of $15.9 million. From 2008 onwards, equity steadily increased, showing continuous growth almost every year. The most pronounced growth phases were observed from 2016 onward, where equity rose from approximately $1.82 billion to over $7.78 billion by 2023. This consistent increase indicates strengthening capital base and shareholder value over time.
- Return on Equity (ROE)
- The ROE figures are absent for the first two years but show extreme fluctuation initially. It peaked at an extraordinarily high rate of 1523.27% in 2007, likely influenced by the small equity base at that time. The ROE then turned negative in 2008, consistent with reported losses, before resuming positive yet variable levels in subsequent years. From 2012 forward, ROE stabilized between roughly 6% and 13% until 2016. Starting from 2017, ROE increased significantly again, reaching nearly 31% in 2022. The slightly lower figure in 2023 at 28% still suggests strong profitability relative to shareholder equity.
Comparison to Competitors
ON Semiconductor Corp., ROE, long-term trends, comparison to competitors
| ON Semiconductor Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Monolithic Power Systems Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 28.06% | 1.53% | 9.32% | 41.94% | 58.70% | 1.60% | 116.01% | 54.94% | -13.22% | 20.85% | 19.76% | 33.51% | 38.53% |
| Dec 31, 2022 | 30.74% | 2.41% | 7.54% | 53.51% | 50.62% | 7.90% | 237.04% | 73.35% | 17.41% | 26.23% | 36.65% | 71.81% | 60.02% |
| Dec 31, 2021 | 22.02% | 42.18% | 3.66% | 48.08% | 26.99% | 20.83% | 61.53% | 64.85% | 13.34% | 19.46% | 25.64% | 90.88% | 58.27% |
| Dec 31, 2020 | 6.62% | 42.66% | 10.17% | 34.21% | 12.40% | 25.79% | 45.65% | 43.53% | 6.89% | 17.01% | 22.91% | 85.54% | 60.90% |
| Dec 31, 2019 | 6.41% | 12.06% | 11.64% | 32.94% | 10.92% | 27.16% | 44.21% | 46.89% | 17.59% | 14.07% | 44.33% | 89.35% | 56.33% |
| Dec 31, 2018 | 19.78% | 26.62% | 13.61% | 48.44% | 45.99% | 28.24% | 49.51% | 36.62% | 43.77% | 16.45% | 40.78% | -524.14% | 62.04% |
| Dec 31, 2017 | 29.17% | 7.04% | 7.16% | 36.73% | 8.34% | 13.91% | 69.82% | 24.90% | 27.33% | 12.49% | 28.91% | 8.02% | 35.62% |
| Dec 31, 2016 | 9.99% | -119.47% | 16.68% | 23.85% | -9.20% | 15.58% | 102.22% | 15.51% | -2.28% | 12.23% | 13.74% | 17.95% | 34.33% |
| Dec 31, 2015 | 12.82% | — | 13.74% | 18.09% | 28.94% | 18.70% | 86.88% | 12.85% | 23.57% | 9.54% | 14.27% | 16.78% | 30.02% |
| Dec 31, 2014 | 11.66% | -215.51% | 13.23% | 13.62% | 8.11% | 20.95% | 15.88% | 12.57% | 28.27% | 10.25% | 9.87% | 20.34% | 27.15% |
| Dec 31, 2013 | 10.37% | -15.26% | 14.21% | 3.61% | 19.13% | 16.51% | 15.60% | 2.54% | 13.02% | 7.08% | 11.65% | 18.99% | 20.01% |
| Dec 31, 2012 | -6.66% | -219.89% | 15.63% | 1.51% | 23.27% | 21.49% | 22.80% | 3.29% | -13.40% | 6.10% | 14.02% | 18.22% | 16.05% |
| Dec 31, 2011 | 0.79% | 30.88% | 22.85% | 21.89% | 27.52% | 28.19% | 27.77% | 29.30% | 1.97% | 5.48% | 7.96% | 15.81% | 20.42% |
| Dec 31, 2010 | 21.27% | 46.50% | 22.25% | 12.44% | 27.57% | 23.19% | 9.45% | 19.61% | 23.07% | 11.97% | -2.55% | 15.57% | 30.93% |
| Dec 31, 2009 | 6.19% | 46.91% | 9.80% | -4.30% | -4.23% | 10.48% | -23.96% | -20.79% | -39.43% | 9.24% | -1.25% | 7.84% | 15.12% |
| Dec 31, 2008 | -56.00% | — | 32.49% | 12.73% | — | 13.54% | 12.04% | 24.70% | -26.21% | 14.71% | 30.47% | 17.61% | 20.59% |
| Dec 31, 2007 | 1,523.27% | -113.01% | 21.25% | 21.87% | — | 16.31% | 14.88% | 58.30% | -4.13% | 8.42% | 22.36% | 20.86% | 26.64% |
| Dec 31, 2006 | — | -2.87% | 15.99% | 22.80% | — | 13.72% | 10.66% | 24.05% | 5.03% | -3.02% | 20.76% | 18.42% | 38.21% |
| Dec 31, 2005 | — | 4.94% | 11.24% | 13.55% | — | 23.95% | 15.33% | 28.06% | 3.22% | 6.53% | 8.52% | 19.27% | 19.47% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
ON Semiconductor Corp., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| ON Semiconductor Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2023 | 28.06% | 13.34% |
| Dec 31, 2022 | 30.74% | 22.71% |
| Dec 31, 2021 | 22.02% | 25.76% |
| Dec 31, 2020 | 6.62% | 24.50% |
| Dec 31, 2019 | 6.41% | 26.78% |
| Dec 31, 2018 | 19.78% | 33.36% |
| Dec 31, 2017 | 29.17% | 16.94% |
| Dec 31, 2016 | 9.99% | 13.42% |
| Dec 31, 2015 | 12.82% | 19.04% |
| Dec 31, 2014 | 11.66% | 19.75% |
| Dec 31, 2013 | 10.37% | 15.75% |
| Dec 31, 2012 | -6.66% | 14.93% |
| Dec 31, 2011 | 0.79% | 21.52% |
| Dec 31, 2010 | 21.27% | 20.97% |
| Dec 31, 2009 | 6.19% | 5.28% |
| Dec 31, 2008 | -56.00% | 10.03% |
| Dec 31, 2007 | 1,523.27% | 13.62% |
| Dec 31, 2006 | — | 16.50% |
| Dec 31, 2005 | — | 18.49% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
ON Semiconductor Corp., ROE, long-term trends, comparison to industry (information technology)
| ON Semiconductor Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 28.06% | 31.90% |
| Dec 31, 2022 | 30.74% | 39.03% |
| Dec 31, 2021 | 22.02% | 42.37% |
| Dec 31, 2020 | 6.62% | 35.70% |
| Dec 31, 2019 | 6.41% | 36.62% |
| Dec 31, 2018 | 19.78% | 30.36% |
| Dec 31, 2017 | 29.17% | 23.39% |
| Dec 31, 2016 | 9.99% | 23.35% |
| Dec 31, 2015 | 12.82% | 26.16% |
| Dec 31, 2014 | 11.66% | 25.60% |
| Dec 31, 2013 | 10.37% | 24.88% |
| Dec 31, 2012 | -6.66% | 26.23% |
| Dec 31, 2011 | 0.79% | 29.20% |
| Dec 31, 2010 | 21.27% | 27.88% |
| Dec 31, 2009 | 6.19% | 20.28% |
| Dec 31, 2008 | -56.00% | 25.66% |
| Dec 31, 2007 | 1,523.27% | 24.00% |
| Dec 31, 2006 | — | 22.73% |
| Dec 31, 2005 | — | 22.11% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).