NV5 Global Inc (NVEE)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 61,180 | 66,182 | 68,344 | 44,149 | 31,207 |
| Total assets | US$ in thousands | 1,170,590 | 935,723 | 961,943 | 881,175 | 893,137 |
| Operating ROA | 5.23% | 7.07% | 7.10% | 5.01% | 3.49% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $61,180K ÷ $1,170,590K
= 5.23%
NV5 Global Inc's operating return on assets (operating ROA) has shown a varying trend over the past five years. The company's operating ROA was 5.23% in 2023, a decrease from 7.07% in 2022, and 7.10% in 2021. This decline indicates a decrease in the company's ability to generate operating income from its assets.
However, when compared to 2020 and 2019, NV5 Global Inc has shown improvement in operating ROA. In 2020, the operating ROA was 5.01%, and in 2019, it was 3.49%. This upward trend suggests that the company has been effectively utilizing its assets to generate operating income over the past two years.
Overall, NV5 Global Inc's operating ROA has been relatively stable in recent years, with some fluctuation. The company should continue to focus on optimizing its asset utilization to improve profitability and create long-term value for its shareholders.
Peer comparison
Dec 31, 2023