Envista Holdings Corp (NVST)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 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 | 6,665,200 | 6,240,900 | 6,158,300 |
| Operating ROA | 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, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $31,500K ÷ $6,605,100K
= 0.48%
Operating return on assets (Operating ROA) for Envista Holdings Corp has shown some variability over the past eight quarters, ranging from a low of 3.88% in Q3 2022 to a high of 4.85% in Q4 2022. The trend indicates a relatively stable performance with some fluctuations. In the most recent quarter, Q4 2023, the Operating ROA was 4.39%, slightly lower than the previous quarter but still within the range observed over the past two years. This suggests that Envista Holdings Corp is effectively utilizing its assets to generate operating income, although there may be room for improvements in efficiency to increase returns on assets in the future.
Peer comparison
Dec 31, 2023