Enviri Corporation (NVRI)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -86,121 | -180,069 | -3,249 | -26,341 | 503,919 |
| Total stockholders’ equity | US$ in thousands | 523,151 | 569,442 | 748,160 | 657,154 | 741,580 |
| ROE | -16.46% | -31.62% | -0.43% | -4.01% | 67.95% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-86,121K ÷ $523,151K
= -16.46%
Return on equity (ROE) is a key financial ratio that measures a company's efficiency in generating profits from its shareholders' equity. Enviri Corp's ROE has fluctuated over the past five years. In 2023, the ROE was -16.46%, indicating that the company had a negative return relative to its equity. This was an improvement compared to 2022 when the ROE was -31.62%.
Enviri Corp's ROE was also negative in 2020 at -4.01%. However, there was a notable positive ROE of 67.95% in 2019, demonstrating the company's strong profitability relative to its equity in that year.
Overall, the company's ROE performance has been inconsistent, with both positive and negative values in recent years. This may suggest varying levels of profitability and efficiency in utilizing shareholders' equity within the company. Further analysis of the company's financial statements and operations would be needed to understand the factors driving these fluctuations in ROE.