NV5 Global Inc (NVEE)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 44,613 | 42,676 | 45,423 | 47,278 | 49,973 | 57,429 | 53,939 | 50,309 | 47,147 | 36,264 | 31,445 | 22,310 | 21,018 | 20,020 | 18,109 | 22,400 | 23,755 | 27,839 | 29,281 | 28,107 |
| Total assets | US$ in thousands | 1,170,590 | 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 | 893,137 | 625,693 | 504,447 | 476,697 |
| ROA | 3.81% | 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% | 2.66% | 4.45% | 5.80% | 5.90% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $44,613K ÷ $1,170,590K
= 3.81%
NV5 Global Inc's return on assets (ROA) has shown some fluctuations over the period under consideration. The ROA has ranged from a low of 2.02% in March 2020 to a high of 5.97% in September 2022. The company's average ROA over this period is approximately 4.12%.
The downward trend in ROA from September 2022 to December 2023 may indicate decreasing efficiency in generating profits from its assets. The decline in ROA could be attributed to various factors such as decreasing profitability, inefficient asset utilization, or an increase in the size of the asset base without a corresponding increase in profits.
Overall, NV5 Global Inc's ROA performance suggests that the company has had varying success in generating profits relative to its asset base over the period analyzed. Further analysis would be needed to understand the underlying factors driving these fluctuations and to assess the company's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023