Enovis Corp (ENOV)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 2,562,260 3,330,420 3,286,410 3,308,430 3,418,390 3,439,620 3,448,640 3,443,340 3,448,080 3,406,690 3,489,270 4,600,040 4,617,380 4,586,540 4,307,850 4,246,590 3,543,390 3,412,450 3,351,920 3,291,140
ROE -32.22% -3.58% -2.76% -2.48% -0.96% -2.63% -4.47% -0.69% 0.41% 1.97% 4.58% 1.47% 1.55% 2.33% 2.19% 1.35% 1.20% -0.22% -0.31% -14.32%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-825,494K ÷ $2,562,260K
= -32.22%

Enovis Corp's return on equity (ROE) has been fluctuating over the past few years. The ROE was negative for most of 2020 and early 2021, indicating that the company was generating losses compared to its shareholder equity during that period. However, there was a slight improvement in ROE in the latter part of 2021 and the first half of 2022, with ROE ranging from 1.20% to 4.58%.

From the third quarter of 2022 onwards, the ROE started to decline again, turning negative in the first quarter of 2023. The trend continued with ROE staying negative for the next few quarters, reaching its lowest point of -32.22% at the end of 2024. This indicates that Enovis Corp's profitability relative to its shareholder equity worsened significantly in the last few quarters of the observation period.

Overall, Enovis Corp's ROE trend reflects fluctuations in the company's profitability and efficiency in generating returns for its shareholders. The negative ROE values during certain periods suggest challenges in utilizing shareholder equity effectively to generate profits. Additionally, the significant decline in ROE towards the end of the period raises concerns about the company's performance and ability to deliver returns to its shareholders.