Enovis Corp (ENOV)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -33,261 | -13,292 | 71,657 | 42,625 | -527,646 |
| Total stockholders’ equity | US$ in thousands | 3,418,390 | 3,448,080 | 4,617,380 | 3,543,390 | 3,441,430 |
| ROE | -0.97% | -0.39% | 1.55% | 1.20% | -15.33% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-33,261K ÷ $3,418,390K
= -0.97%
The Return on Equity (ROE) of Enovis Corp has exhibited significant fluctuations over the past five years.
In 2019, the ROE stood at a notably low -15.33%, indicating that the company was experiencing challenges in generating profit relative to its shareholders' equity. However, there was a marked improvement in 2020, with the ROE increasing to 1.20%, though it still remained relatively low.
Subsequently, in 2021, there was a further improvement in the ROE to 1.55%, indicating a continued effort by the company to enhance profitability in relation to shareholders' equity. However, the ROE declined in 2022 to -0.39%, suggesting a setback in the company's profitability performance.
The most recent data for 2023 shows a negative ROE of -0.97%, signifying a decrease in profitability compared to the previous year and reflecting challenges in generating returns for shareholders' equity.
Overall, Enovis Corp's ROE trend indicates volatility and inconsistency in its ability to generate profit relative to shareholders' equity over the past five years. The negative ROE figures in recent years suggest potential financial difficulties and inefficiencies within the company that may require further examination and strategic intervention.
Peer comparison
Dec 31, 2023