Enovis Corp (ENOV)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands -825,494 -33,261 -38,189 98,693 64,082
Total assets US$ in thousands 4,718,780 4,509,330 4,273,250 8,515,340 7,351,550
ROA -17.49% -0.74% -0.89% 1.16% 0.87%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $-825,494K ÷ $4,718,780K
= -17.49%

Based on the data provided for Enovis Corp's Return on Assets (ROA) over the years, the performance has been somewhat volatile.

- In December 31, 2020, the ROA was 0.87%, indicating that the company generated 0.87 cents of profit for every dollar of assets.
- In December 31, 2021, the ROA improved to 1.16%, showing a positive trend in utilizing its assets more efficiently.
- However, in December 31, 2022 and 2023, the ROA turned negative, implying that the company experienced losses in relation to its total assets.
- The significant decline in ROA to -17.49% by December 31, 2024, suggests a substantial deterioration in the company's ability to generate profits from its assets efficiently.

Overall, the trend in Enovis Corp's ROA reveals inconsistencies in its asset utilization and profitability, warranting further investigation into the factors driving these fluctuations and the company's overall financial health.