Envista Holdings Corp (NVST)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,118,600 | -100,200 | 243,100 | 340,500 | 33,300 |
| Total assets | US$ in thousands | 5,350,500 | 6,605,100 | 6,587,000 | 6,574,200 | 6,876,000 |
| ROA | -20.91% | -1.52% | 3.69% | 5.18% | 0.48% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-1,118,600K ÷ $5,350,500K
= -20.91%
Envista Holdings Corp's return on assets (ROA) has shown significant fluctuations over the past five years.
- In December 2020, the ROA was a mere 0.48%, indicating that the company's ability to generate profit from its assets was relatively low.
- By December 2021, the ROA had spiked to 5.18%, reflecting a substantial improvement in the company's efficiency in generating earnings from its assets.
- In the following year, December 2022, the ROA decreased to 3.69%, although it remained at a relatively healthy level compared to 2020.
- However, in December 2023, the ROA turned negative at -1.52%, suggesting that the company was experiencing difficulties in generating profit from its assets.
- The most concerning observation is in December 2024, where the ROA plummeted to -20.91%, indicating a significant decline and potential financial distress for the company.
Overall, Envista Holdings Corp's ROA has exhibited substantial volatility, with significant fluctuations that may warrant further investigation into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024