NV5 Global Inc (NVEE)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 43,434 | 50,325 | 48,345 | 56,903 | 61,179 | 57,204 | 60,453 | 62,615 | 66,184 | 74,763 | 75,390 | 71,342 | 68,343 | 56,626 | 51,914 | 44,324 | 44,151 | 40,956 | 34,543 | 33,178 |
| Total assets | US$ in thousands | 1,315,360 | 1,293,200 | 1,234,380 | 1,211,960 | 1,241,200 | 1,205,960 | 1,167,830 | 1,089,870 | 935,723 | 962,139 | 946,960 | 959,853 | 961,943 | 960,884 | 933,403 | 896,331 | 881,175 | 883,324 | 897,115 | 891,418 |
| Operating ROA | 3.30% | 3.89% | 3.92% | 4.70% | 4.93% | 4.74% | 5.18% | 5.75% | 7.07% | 7.77% | 7.96% | 7.43% | 7.10% | 5.89% | 5.56% | 4.95% | 5.01% | 4.64% | 3.85% | 3.72% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $43,434K ÷ $1,315,360K
= 3.30%
The operating return on assets (operating ROA) of NV5 Global Inc has shown fluctuations over the observed period, ranging from a low of 3.72% in March 2020 to a high of 7.96% in June 2022. Generally, the trend has been positive, with an increasing pattern from 2020 to mid-2022, followed by some volatility and a slight decline towards the end of the period in December 2024.
The company's operating ROA peaked at 7.96% in June 2022 before experiencing some variability in the subsequent quarters. Despite the fluctuations, the operating ROA remained above 5% for most of the period, indicating the company's ability to generate operating income relative to its total assets.
Overall, the operating ROA trend suggests that NV5 Global Inc has been able to effectively utilize its assets to generate operating income, although there were some fluctuations towards the latter part of the observed period. This metric provides insights into the company's operational efficiency and profitability relative to its asset base.
Peer comparison
Dec 31, 2024