Innovex International, Inc (INVX)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 144,476 | 127,319 | 92,578 | 62,634 | -26,986 | -21,691 | 604 | -1,492 | 20,752 | 11,699 | 450 | -62,727 | -89,080 | -102,577 | -127,997 | -75,822 | -50,353 | -45,428 | -30,768 | -12,115 |
| Total assets | US$ in thousands | 1,227,080 | 1,196,000 | 1,197,480 | 1,132,780 | 1,008,160 | 1,021,030 | 1,028,180 | 486,980 | 979,666 | 975,396 | 972,515 | 970,524 | 973,566 | 978,110 | 1,010,430 | 1,093,740 | 1,124,710 | 1,126,830 | 1,151,170 | 1,159,540 |
| ROA | 11.77% | 10.65% | 7.73% | 5.53% | -2.68% | -2.12% | 0.06% | -0.31% | 2.12% | 1.20% | 0.05% | -6.46% | -9.15% | -10.49% | -12.67% | -6.93% | -4.48% | -4.03% | -2.67% | -1.04% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $144,476K ÷ $1,227,080K
= 11.77%
Innovex International, Inc.'s return on assets (ROA) has exhibited significant variability over the period from September 2020 through June 2025. Initially, the ROA was negative, indicating an operating environment where the company's net income was insufficient to generate positive returns relative to its asset base. As of September 30, 2020, the ROA stood at -1.04%, deepening to -12.67% by December 2021, which reflects a period of substantial losses and declining profitability relative to assets.
Between late 2021 and early 2023, the ROA gradually improved from -12.67% in December 2021 to marginally positive territory at 1.20% by March 2023. This trend suggests a period of operational recovery and potentially enhanced efficiency in asset utilization. Notably, the ROA turned positive in December 2022, reaching 0.05%, and continued to increase throughout 2023, hitting 2.12% by June 2023.
However, the subsequent months reveal some volatility, with the ROA declining slightly to -0.31% in September 2023 but again marginally recovering to 0.06% by December 2023. Moving into 2024, the ROA experienced a decline into negative territory again, reaching -2.12% in March and -2.68% in June. Despite this downturn, there was a significant upward movement in the latter part of 2024 and into mid-2025, with the ROA ascending to 5.53% in September 2024, 7.73% by December 2024, and further surpassing double digits at 10.65% in March 2025 before reaching 11.77% in June 2025.
Overall, the trend indicates a company that had faced substantial losses for a prolonged period but has shown consistent signs of profitability and operational improvement from late 2022 onward. The data suggests a positive trajectory in asset efficiency and profitability, especially notable in the first half of 2025, which could indicate successful strategic initiatives or operational enhancements. Nevertheless, the fluctuations in ROA in recent periods underscore a degree of volatility that warrants continuous monitoring to assess the sustainability of these improvements.
Peer comparison
Jun 30, 2025