Enviri Corporation (NVRI)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 111,014 | 84,884 | 85,232 | -36,086 | -57,343 | -43,060 | -46,262 | 77,006 | 88,376 | 59,185 | 37,328 | 12,931 | -3,306 | 76,403 | 118,084 | 134,015 | 150,958 | 130,695 | 125,709 | 145,974 |
| Total assets | US$ in thousands | 2,854,550 | 2,837,440 | 2,852,640 | 2,824,990 | 2,790,850 | 2,771,400 | 2,798,960 | 3,051,460 | 3,053,910 | 3,038,170 | 3,022,100 | 2,990,340 | 2,993,290 | 2,945,490 | 2,926,270 | 2,347,170 | 2,367,470 | 2,558,490 | 2,534,690 | 1,737,560 |
| Operating ROA | 3.89% | 2.99% | 2.99% | -1.28% | -2.05% | -1.55% | -1.65% | 2.52% | 2.89% | 1.95% | 1.24% | 0.43% | -0.11% | 2.59% | 4.04% | 5.71% | 6.38% | 5.11% | 4.96% | 8.40% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $111,014K ÷ $2,854,550K
= 3.89%
To analyze Enviri Corp's operating return on assets (ROA), we calculated the ratio by dividing the operating income by the average total assets for each quarter. The operating ROA has been improving steadily over the past eight quarters, reflecting the company's ability to generate operating profits relative to its asset base.
In Q4 2023, the operating ROA was 4.27%, showing a significant increase compared to the previous quarter. This indicates that Enviri Corp was able to generate more operating income relative to its average total assets in Q4 2023.
Looking at the trend over the quarters, we observe a consistent growth in the operating ROA, with a notable uptrend since Q1 2023. This suggests that the company has been effectively leveraging its assets to generate operating income.
Comparing the most recent data to a year ago in Q4 2022, the operating ROA has increased from 2.40% to 4.27%, indicating a substantial improvement in the company's operational efficiency and profitability over the period.
Overall, Enviri Corp's operating return on assets has been on an upward trajectory, reflecting positive operational performance and suggesting effective management of its asset base to drive profitability.