Envista Holdings Corp (NVST)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -1,038,200 | 31,500 | 319,200 | 306,200 | 43,500 |
| Total assets | US$ in thousands | 5,350,500 | 6,605,100 | 6,587,000 | 6,574,200 | 6,876,000 |
| Operating ROA | -19.40% | 0.48% | 4.85% | 4.66% | 0.63% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-1,038,200K ÷ $5,350,500K
= -19.40%
Envista Holdings Corp's operating return on assets (operating ROA) has displayed significant fluctuations over the past five years. Beginning at a modest 0.63% as of December 31, 2020, the ratio saw a substantial increase to 4.66% by December 31, 2021, signaling improved operational efficiency and profitability. This positive trend continued into the following year, with operating ROA further increasing to 4.85% by December 31, 2022.
However, the company experienced a notable decline in operating ROA to 0.48% by the end of December 31, 2023, reflecting potential challenges or setbacks in generating profits from its assets. The most recent data point of -19.40% as of December 31, 2024, indicates a significant negative return on assets, which may suggest operational issues or financial distress within the company.
It is essential for Envista Holdings Corp to carefully analyze the factors contributing to these fluctuations in operating ROA and take appropriate measures to improve efficiency, profitability, and overall asset utilization for sustainable growth and long-term success.
Peer comparison
Dec 31, 2024