National Vision Holdings Inc (EYE)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -46,826 | -43,347 | 46,609 | 57,255 | 61,275 | 79,011 | 114,363 | 150,821 | 174,937 | 223,884 | 227,967 | 131,540 | 87,007 | 38,472 | -5,210 | 58,090 | 73,575 | 45,827 | 32,632 | 35,903 |
| Total assets | US$ in thousands | 2,172,510 | 2,266,430 | 2,333,930 | 2,312,370 | 2,291,250 | 2,291,740 | 2,278,340 | 2,325,490 | 2,293,090 | 2,405,470 | 2,369,220 | 2,419,840 | 2,333,500 | 2,307,510 | 2,219,040 | 2,218,750 | 2,032,720 | 2,078,420 | 2,071,840 | 2,053,090 |
| Operating ROA | -2.16% | -1.91% | 2.00% | 2.48% | 2.67% | 3.45% | 5.02% | 6.49% | 7.63% | 9.31% | 9.62% | 5.44% | 3.73% | 1.67% | -0.23% | 2.62% | 3.62% | 2.20% | 1.58% | 1.75% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-46,826K ÷ $2,172,510K
= -2.16%
Operating return on assets (ROA) for National Vision Holdings Inc fluctuated over the period shown in the table. The metric indicates how efficiently the company is generating profits from its assets specifically related to operations.
The trend in operating ROA shows a generally positive performance, with some variations in certain quarters. The company experienced a peak in the performance of its assets in the first quarter of 2022 with an operating ROA of 9.62%, and maintained strong profitability until the second quarter of 2022. However, there was a noticeable decrease in operating ROA in the subsequent quarters of 2022 and the first half of 2023, possibly indicating challenges in efficiently utilizing assets to generate profits.
The operating ROA turned negative in the last two quarters of 2023, highlighting potential issues in operational efficiency and profitability. The significant decline in the metric from a high of 9.62% to consecutive negative figures raises concerns regarding the company's ability to generate profits from its operations.
Overall, the analysis of National Vision Holdings Inc's operating ROA suggests that the company has experienced fluctuations in its operational efficiency and profitability over the analyzed period, warranting further investigation into the factors influencing these fluctuations and potential strategies to improve asset utilization and profitability.
Peer comparison
Dec 31, 2023