Enovis Corp (ENOV)

Return on assets (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
Net income (ttm) US$ in thousands -825,494 -119,193 -90,552 -81,909 -32,757 -90,557 -154,289 -23,643 14,271 67,200 159,660 67,651 71,657 106,776 94,334 57,218 42,625 -7,450 -10,382 -471,142
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
ROA -17.49% -2.15% -1.66% -1.50% -0.73% -2.06% -3.47% -0.55% 0.33% 1.51% 3.55% 0.80% 0.84% 1.34% 1.25% 0.71% 0.58% -0.10% -0.15% -6.32%

December 31, 2024 calculation

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

Enovis Corp's return on assets (ROA) has fluctuated drastically over the reported periods. The ROA was negative during the first half of 2020, indicating that the company was not effectively utilizing its assets to generate profits. However, in the latter part of 2020 and through to mid-2022, the ROA showed a steady improvement, reaching its peak at 3.55% in June 2022, suggesting a more efficient utilization of assets to generate profits.

Subsequently, the ROA declined notably from the second half of 2022 through 2024, falling into negative territory during the last reported period with a significant drop to -17.49% in December 2024. This downturn indicates that the company was facing challenges in generating profits relative to its assets during this period.

Overall, Enovis Corp's ROA performance reflects a mix of positive and negative trends, highlighting periods of both effective and ineffective asset utilization to drive profitability. This fluctuation underscores the need for the company to focus on improving its operational efficiency and strategic decision-making to enhance its overall financial performance in the future.