NV5 Global Inc (NVEE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 43,434 | 61,180 | 66,182 | 68,344 | 44,149 |
| Total assets | US$ in thousands | 1,315,360 | 1,170,590 | 935,723 | 961,943 | 881,175 |
| Operating ROA | 3.30% | 5.23% | 7.07% | 7.10% | 5.01% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $43,434K ÷ $1,315,360K
= 3.30%
To analyze NV5 Global Inc's operating return on assets (ROA) over the specified years, we observe the following trend:
- As of December 31, 2020, NV5 Global Inc's operating ROA stood at 5.01%.
- By December 31, 2021, the operating ROA improved to 7.10%, signaling an increase in the company's efficiency in generating operating income from its assets.
- This upward trend continued in 2022, with operating ROA at 7.07%, indicating sustained operational performance.
- However, there was a slight decline in operating ROA by December 31, 2023, with a recorded figure of 5.23% compared to the preceding year.
- The downward trend persisted as of December 31, 2024, where the operating ROA decreased to 3.30%.
In conclusion, NV5 Global Inc experienced fluctuations in its operating ROA over the specified period, with initial improvements followed by a decline in the later years. This trend suggests changes in the company's operational efficiency and profitability in utilizing its assets to generate operating income. Further analysis and contextual information may be needed to understand the factors contributing to these fluctuations and assess the company's overall financial performance.
Peer comparison
Dec 31, 2024