Enovis Corp (ENOV)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -775,719 | -65,709 | -88,570 | 256,643 | 162,291 |
| Total assets | US$ in thousands | 4,718,780 | 4,509,330 | 4,273,250 | 8,515,340 | 7,351,550 |
| Operating ROA | -16.44% | -1.46% | -2.07% | 3.01% | 2.21% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-775,719K ÷ $4,718,780K
= -16.44%
Enovis Corp's operating return on assets (ROA) has shown varied performance over the years as per the provided data.
- In December 31, 2020, the operating ROA stood at 2.21%, indicating the company generated $2.21 in operating profit for every $100 of assets.
- By December 31, 2021, the operating ROA increased to 3.01%, suggesting improved efficiency in asset utilization or profitability.
- However, the trend reversed in the following years, with operating ROA turning negative.
- In December 31, 2022, the operating ROA was -2.07%, implying that the company incurred operating losses relative to its asset base.
- This negative trend continued through December 31, 2023, with operating ROA at -1.46%, further deteriorating the company's operating performance.
- Notably, by December 31, 2024, the operating ROA recorded a significant decline, plummeting to -16.44%, signifying substantial operating losses relative to the asset employed.
Overall, the erratic fluctuations in Enovis Corp's operating ROA over the years indicate a volatile operational efficiency and profitability performance that may warrant a closer examination of the company's cost structure, revenue generation, and asset utilization strategies.
Peer comparison
Dec 31, 2024