Enovis Corp (ENOV)
Return on equity (ROE)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -33,261 | -74,828 | -138,560 | -51,710 | -13,292 | 23,404 | 115,864 | 67,651 | 71,657 | 106,776 | 95,123 | 58,434 | 44,868 | -5,207 | -8,928 | -470,115 | -527,646 | -464,889 | -444,053 | 63,638 |
| Total stockholders’ equity | US$ in thousands | 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 | 3,441,430 | 2,982,010 | 3,094,800 | 3,577,500 |
| ROE | -0.97% | -2.18% | -4.02% | -1.50% | -0.39% | 0.69% | 3.32% | 1.47% | 1.55% | 2.33% | 2.21% | 1.38% | 1.27% | -0.15% | -0.27% | -14.28% | -15.33% | -15.59% | -14.35% | 1.78% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-33,261K ÷ $3,418,390K
= -0.97%
The return on equity (ROE) of Enovis Corp has shown a declining trend over the past eight quarters. The ROE was negative in the last four quarters, indicating that the company's net income did not generate sufficient returns relative to its shareholders' equity. The lowest ROE was recorded in Q2 2023 at -4.02%.
The negative ROE figures suggest potential inefficiencies in the company's operations or excess leverage relative to its profitability. This could be a concern for shareholders as it indicates a lower ability of the company to generate returns on their invested capital.
It is essential for Enovis Corp to address the factors contributing to the declining ROE and work towards improving their profitability and efficiency to generate higher returns for their shareholders in the future.
Peer comparison
Dec 31, 2023