NV5 Global Inc (NVEE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 27,979 | 44,613 | 49,973 | 47,147 | 21,018 |
| Total assets | US$ in thousands | 1,315,360 | 1,170,590 | 935,723 | 961,943 | 881,175 |
| ROA | 2.13% | 3.81% | 5.34% | 4.90% | 2.39% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $27,979K ÷ $1,315,360K
= 2.13%
Based on the provided data, NV5 Global Inc's return on assets (ROA) has shown some fluctuations over the years.
In December 31, 2020, the ROA was 2.39%, indicating that for every dollar of assets the company had, it generated a return of 2.39 cents.
This figure increased to 4.90% by December 31, 2021, signifying an improvement in the company's efficiency in generating profits from its assets.
By December 31, 2022, the ROA further improved to 5.34%, reaching its peak in the dataset. This suggests that NV5 Global Inc was able to generate a higher return on its assets compared to the previous years.
However, in December 31, 2023, the ROA dropped to 3.81%, indicating a decline in the company's profitability relative to its asset base.
By December 31, 2024, the ROA decreased further to 2.13%, nearing the level recorded in 2020. This suggests that the company's ability to generate profits from its assets declined significantly in this period.
Overall, while NV5 Global Inc experienced fluctuations in its ROA over the years, it is important for the company to closely monitor and manage its asset utilization efficiently to ensure sustainable profitability and growth.
Peer comparison
Dec 31, 2024