Enviri Corporation (NVRI)
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 | -127,973 | -99,086 | -96,720 | -94,558 | -86,121 | -68,484 | -55,603 | -149,755 | -180,069 | -167,686 | -162,201 | -43,222 | -3,248 | 14,785 | -2,357 | -26,347 | -26,341 | 19,190 | 464,119 | 483,363 |
| Total assets | US$ in thousands | 2,650,230 | 2,802,080 | 2,768,670 | 2,790,280 | 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 |
| ROA | -4.83% | -3.54% | -3.49% | -3.39% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-127,973K ÷ $2,650,230K
= -4.83%
Enviri Corporation's return on assets (ROA) has exhibited significant fluctuations over the reported period from March 31, 2020, to December 31, 2024. The ROA started at a relatively high level of 20.59% in March 2020, indicating efficient asset utilization to generate profits. However, the ROA declined steadily in the subsequent quarters, reaching a low of -6.45% in December 2022.
From March 2023 onwards, there was some fluctuation in the ROA figures, but the general trend remained negative. The ROA continued to be negative, hovering around the range of -3% to -6% up to December 31, 2024. This suggests that Enviri Corporation may be facing challenges in effectively generating profits from its assets.
Overall, the downward trend in ROA indicates that the company may be experiencing difficulties in generating sufficient profits relative to its asset base. It may be crucial for Enviri Corporation to reassess its asset management strategies and operational efficiency to improve its return on assets and overall financial performance in the future.