Enovis Corp (ENOV)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -65,709 | -88,139 | -85,566 | -65,519 | -71,178 | -61,203 | -59,391 | -75,295 | 16,639 | -135,180 | -57,142 | -51,712 | -66,182 | 195,731 | 201,661 | 248,116 | 203,612 | 138,496 | 105,691 | 109,581 |
| Total assets | US$ in thousands | 4,509,330 | 4,400,920 | 4,443,550 | 4,299,590 | 4,273,250 | 4,444,820 | 4,503,720 | 8,483,650 | 8,515,910 | 7,972,310 | 7,559,500 | 8,066,610 | 7,351,550 | 7,154,230 | 7,122,520 | 7,455,570 | 7,386,830 | 9,591,270 | 9,899,250 | 10,502,400 |
| Operating ROA | -1.46% | -2.00% | -1.93% | -1.52% | -1.67% | -1.38% | -1.32% | -0.89% | 0.20% | -1.70% | -0.76% | -0.64% | -0.90% | 2.74% | 2.83% | 3.33% | 2.76% | 1.44% | 1.07% | 1.04% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-65,709K ÷ $4,509,330K
= -1.46%
Operating return on assets (operating ROA) measures a company's operating income generated per dollar of assets. Enovis Corp's operating ROA has shown a declining trend over the past eight quarters. The operating ROA was negative in the last four quarters, indicating that the company's operating income was not sufficient to cover its asset base. This downward trend in operating ROA suggests that Enovis Corp's operating efficiency and profitability have been deteriorating. However, it is important to conduct a more in-depth analysis to understand the underlying factors driving this trend and evaluate the company's overall financial performance.
Peer comparison
Dec 31, 2023