NV5 Global Inc (NVEE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 27,978 | 32,486 | 31,568 | 39,074 | 44,613 | 42,676 | 45,423 | 47,278 | 49,973 | 57,428 | 53,938 | 50,308 | 47,146 | 36,265 | 31,446 | 22,311 | 21,019 | 20,020 | 18,109 | 22,400 |
| 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 |
| ROA | 2.13% | 2.51% | 2.56% | 3.22% | 3.59% | 3.54% | 3.89% | 4.34% | 5.34% | 5.97% | 5.70% | 5.24% | 4.90% | 3.77% | 3.37% | 2.49% | 2.39% | 2.27% | 2.02% | 2.51% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $27,978K ÷ $1,315,360K
= 2.13%
NV5 Global Inc's return on assets (ROA) has shown a fluctuating trend over the reported periods. The ROA increased from 2.51% in March 2020 to a peak of 5.97% in September 2022 before gradually declining to 2.13% in December 2024. The company's ROA appears to be positively impacted by its ability to generate higher earnings relative to its total assets during certain periods.
Overall, NV5 Global Inc's ROA performance indicates variations in the efficiency of utilizing its assets to generate profits over time. Investors and stakeholders may interpret these fluctuations in ROA as signals of the company's operational efficiency, profitability, and financial health. Further analysis and comparison with industry peers may provide additional insights into the company's financial performance and competitive position.
Peer comparison
Dec 31, 2024