Envista Holdings Corp (NVST)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -1,038,200 | -1,287,100 | -1,224,700 | 7,500 | 31,500 | 322,300 | 313,500 | 299,800 | 319,200 | 277,300 | 284,500 | 302,600 | 306,200 | 333,600 | 313,500 | 122,300 | 2,200 | -35,100 |
| Total assets | US$ in thousands | 5,350,500 | 5,510,700 | 5,438,100 | 6,556,300 | 6,605,100 | 6,683,800 | 6,607,200 | 6,575,000 | 6,587,000 | 6,411,900 | 6,461,000 | 6,572,300 | 6,574,200 | 6,562,000 | 6,481,300 | 6,321,900 | 6,876,000 | 6,605,700 |
| Operating ROA | -19.40% | -23.36% | -22.52% | 0.11% | 0.48% | 4.82% | 4.74% | 4.56% | 4.85% | 4.32% | 4.40% | 4.60% | 4.66% | 5.08% | 4.84% | 1.93% | 0.03% | -0.53% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-1,038,200K ÷ $5,350,500K
= -19.40%
The operating return on assets (operating ROA) of Envista Holdings Corp has shown fluctuations over the periods analyzed. From September 30, 2020, to December 31, 2021, the company's operating ROA gradually improved, reaching its peak at 5.08% on September 30, 2021. However, from December 31, 2021, to June 30, 2024, the operating ROA experienced a significant decline, dropping to as low as -23.36% on September 30, 2024.
The negative operating ROA figures in the latter periods indicate that the company's operating income generated from its assets was not sufficient to cover the operational costs, resulting in a net operating loss. These downturns could be attributed to various internal and external factors affecting the company's profitability and operational efficiency.
It is important for Envista Holdings Corp to carefully evaluate the causes behind the declining operating ROA and consider strategic measures to improve operational performance and asset utilization to enhance its financial health and long-term sustainability.
Peer comparison
Dec 31, 2024