Enviri Corporation (NVRI)
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 | -86,121 | -68,484 | -55,603 | -149,755 | -180,069 | -167,751 | -162,266 | -43,287 | -3,313 | 14,787 | -2,377 | -26,365 | -26,400 | 19,129 | 464,080 | 483,322 | 503,919 | 510,603 | 108,099 | 139,946 |
| 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 |
| ROA | -3.02% | -2.41% | -1.95% | -5.30% | -6.45% | -6.05% | -5.80% | -1.42% | -0.11% | 0.49% | -0.08% | -0.88% | -0.88% | 0.65% | 15.86% | 20.59% | 21.29% | 19.96% | 4.26% | 8.05% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-86,121K ÷ $2,854,550K
= -3.02%
Enviri Corp's return on assets (ROA) has shown fluctuations over the past eight quarters, ranging from -6.45% in Q4 2022 to -1.42% in Q1 2022. The company's ROA has generally been negative, indicating that its net income generated from its assets has been insufficient to cover its total assets. The lowest ROA was recorded in Q1 2023 at -5.30%, while the highest was in Q1 2022 at -1.42%. This suggests a downward trend in ROA over the last few quarters, with Q4 2023 reporting the second-lowest ROA at -3.02%. Enviri Corp may need to evaluate its asset management strategies and profitability to improve its ROA and enhance overall financial performance.