National Vision Holdings Inc (EYE)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -65,901 | 42,122 | 128,244 | 36,277 | 32,798 |
| Total assets | US$ in thousands | 2,172,510 | 2,291,250 | 2,293,090 | 2,333,500 | 2,032,720 |
| ROA | -3.03% | 1.84% | 5.59% | 1.55% | 1.61% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-65,901K ÷ $2,172,510K
= -3.03%
National Vision Holdings Inc's return on assets (ROA) has exhibited fluctuation over the past five years. Beginning with a ROA of 1.61% in 2019, the company experienced a slight decrease to 1.55% in 2020. Subsequently, there was a significant increase in ROA to 5.59% in 2021, indicating improved efficiency in generating profits relative to its assets. However, this trend reversed in 2022 with a decrease to 1.84%, before dropping further to -3.03% in 2023, signifying a negative return on assets. This negative ROA in 2023 suggests that the company's net income was insufficient to cover its total assets, which could be concerning for investors and stakeholders. It is important for National Vision Holdings Inc to closely monitor their asset management and profitability in order to improve their ROA going forward.
Peer comparison
Dec 31, 2023