Enviri Corporation (NVRI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -127,973 | -86,121 | -180,069 | -3,249 | -26,341 |
| Total assets | US$ in thousands | 2,650,230 | 2,854,550 | 2,790,850 | 3,053,910 | 2,993,290 |
| ROA | -4.83% | -3.02% | -6.45% | -0.11% | -0.88% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-127,973K ÷ $2,650,230K
= -4.83%
Based on the data provided, Enviri Corporation's return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA for the fiscal year ending December 31, 2020, was -0.88%, indicating that the company generated a negative return on its assets.
In the following years, there was some improvement in the ROA as it moved closer to breakeven. By December 31, 2021, the ROA improved to -0.11%, suggesting a slight reduction in the negative return. However, in the subsequent years, Enviri Corporation experienced a setback as the ROA deteriorated significantly.
By December 31, 2022, the ROA plummeted to -6.45%, reflecting a substantial decline in the company's ability to generate profits from its assets. This trend continued in the following years, with the ROA for December 31, 2023, and December 31, 2024, standing at -3.02% and -4.83%, respectively.
Overall, Enviri Corporation's ROA indicates that the company has been struggling to efficiently utilize its assets to generate profits during the period under review. This trend underscores the importance of closely monitoring the company's operational efficiency and profitability to address potential challenges and improve performance in the future.