Enovis Corp (ENOV)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -748,439 | -89,445 | -78,200 | -75,755 | -62,413 | -78,129 | -75,556 | -86,298 | -11,508 | 65,368 | 147,277 | 248,454 | 256,643 | 259,682 | 257,623 | 176,761 | 162,291 | 195,731 | 201,661 | 248,116 |
| Total assets | US$ in thousands | 4,718,780 | 5,550,140 | 5,442,030 | 5,478,680 | 4,509,330 | 4,400,920 | 4,443,550 | 4,299,590 | 4,273,250 | 4,444,820 | 4,503,720 | 8,483,650 | 8,515,340 | 7,972,310 | 7,559,500 | 8,066,610 | 7,351,550 | 7,154,230 | 7,122,520 | 7,455,570 |
| Operating ROA | -15.86% | -1.61% | -1.44% | -1.38% | -1.38% | -1.78% | -1.70% | -2.01% | -0.27% | 1.47% | 3.27% | 2.93% | 3.01% | 3.26% | 3.41% | 2.19% | 2.21% | 2.74% | 2.83% | 3.33% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-748,439K ÷ $4,718,780K
= -15.86%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates how efficiently a company is generating profits from its assets utilized in its operations. In the case of Enovis Corp, the trend of Operating ROA from March 31, 2020, to December 31, 2024, shows fluctuations in the company's operational efficiency.
Initially, Enovis Corp had an Operating ROA of 3.33% on March 31, 2020, indicating that the company was earning $0.033 for every $1 of assets utilized in its operations. The ratio slightly declined to 2.83% by June 30, 2020, and further decreased to 2.21% by December 31, 2020. This downward trend continued until March 31, 2021, where the Operating ROA dropped to 2.19%.
Subsequently, there was a notable improvement in the company's operational efficiency as indicated by the increase in Operating ROA to 3.41% on June 30, 2021. This positive momentum was sustained with Operating ROA reaching 3.26% on September 30, 2021, and 3.01% on December 31, 2021.
However, from March 31, 2022, to December 31, 2024, Enovis Corp experienced a downward trend in its Operational ROA. The ratio decreased to 2.93% by March 31, 2022, and then fluctuated between 1.47% to -15.86% from June 30, 2022, to December 31, 2024. This indicates a significant decline in the company's operational efficiency and profitability relative to its asset base during this period.
Overall, the fluctuating trend in Enovis Corp's Operating ROA suggests varying levels of operational efficiency and profitability over the years, with periods of improvement followed by declines. It is important for the company to identify the underlying factors contributing to these fluctuations and take necessary measures to enhance its operational performance and profitability in the future.
Peer comparison
Dec 31, 2024