National Vision Holdings Inc (EYE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -65,901 | -59,175 | 26,125 | 30,245 | 42,122 | 57,602 | 87,092 | 114,959 | 128,244 | 157,104 | 151,401 | 69,967 | 36,277 | 5,118 | -28,979 | 25,111 | 32,798 | 10,438 | 14,417 | 16,627 |
| 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 |
| ROA | -3.03% | -2.61% | 1.12% | 1.31% | 1.84% | 2.51% | 3.82% | 4.94% | 5.59% | 6.53% | 6.39% | 2.89% | 1.55% | 0.22% | -1.31% | 1.13% | 1.61% | 0.50% | 0.70% | 0.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-65,901K ÷ $2,172,510K
= -3.03%
National Vision Holdings Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. ROA was generally positive during this period, indicating the company's ability to generate profit relative to its total assets. However, in the most recent quarters, the ROA has declined, with negative values recorded at the end of 2023 and throughout 2024. This negative trend suggests that the company's profitability relative to its asset base has weakened.
It is important to further investigate the reasons behind the declining ROA to determine if this is due to operational inefficiencies, asset impairments, or other external factors impacting the company's performance. Monitoring and analyzing ROA regularly can help investors and stakeholders assess National Vision Holdings Inc's overall efficiency in utilizing its assets to generate returns.
Peer comparison
Dec 31, 2023