Envista Holdings Corp (NVST)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -100,200 | 243,100 | 340,500 | 33,300 | 217,600 |
| Total assets | US$ in thousands | 6,605,100 | 6,587,000 | 6,574,200 | 6,876,000 | 6,158,300 |
| ROA | -1.52% | 3.69% | 5.18% | 0.48% | 3.53% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-100,200K ÷ $6,605,100K
= -1.52%
Envista Holdings Corp's return on assets (ROA) has shown varying performance over the past five years. In 2023, the ROA was negative at -1.52%, indicating that the company generated a loss on its assets during that period. This is a notable decline from 2022 when the ROA stood at 3.69%, suggesting a decrease in asset profitability.
The highest ROA was recorded in 2021 at 5.18%, indicating that the company was able to effectively generate profit from its assets that year. However, there was a decline in 2020 to 0.48%, before increasing again in 2019 to 3.53%.
Overall, Envista Holdings Corp's ROA has been fluctuating, with both positive and negative trends observed in recent years. The negative ROA in 2023 raises concerns about the company's ability to generate profit from its assets effectively, highlighting the importance of evaluating the company's operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2023