National Vision Holdings Inc (EYE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -28,499 | -65,901 | 42,122 | 128,244 | 36,277 |
| Total assets | US$ in thousands | 2,007,770 | 2,172,510 | 2,291,250 | 2,293,090 | 2,333,500 |
| ROA | -1.42% | -3.03% | 1.84% | 5.59% | 1.55% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-28,499K ÷ $2,007,770K
= -1.42%
National Vision Holdings Inc's return on assets (ROA) has fluctuated over the years. From 2020 to 2021, there was a notable increase in ROA from 1.55% to 5.59%, indicating improved efficiency in generating earnings from its assets. However, in 2022, the ROA dipped to 1.84%, suggesting a slight decrease in asset utilization.
The significant decline in ROA to -3.03% in 2023 reflects that the company's assets were not effectively generating profits, potentially due to operational challenges or inefficient resource allocation. This trend continued in 2024, with ROA further decreasing to -1.42%, indicating continued struggles in using assets efficiently to generate returns.
Overall, National Vision Holdings Inc's ROA trend shows volatility and inconsistency in optimizing asset performance and profitability. This may indicate the need for the company to review its asset management strategies and operational efficiency to enhance overall financial performance.
Peer comparison
Dec 31, 2024