Envista Holdings Corp (NVST)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -100,200 | 190,700 | 216,800 | 212,000 | 243,100 | 255,400 | 300,700 | 343,700 | 340,500 | 363,100 | 305,800 | 122,200 | 33,300 | -19,000 | |||
| 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 |
| ROA | -1.52% | 2.85% | 3.28% | 3.22% | 3.69% | 3.98% | 4.65% | 5.23% | 5.18% | 5.53% | 4.72% | 1.93% | 0.48% | -0.29% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-100,200K ÷ $6,605,100K
= -1.52%
Envista Holdings Corp's return on assets (ROA) has shown a fluctuating trend over the past eight quarters, ranging from -1.52% to 5.23%. ROA was relatively low in Q4 2023 at -1.52%, signaling that the company's ability to generate profits from its assets was diminished during this period. However, in the previous quarter, Q3 2023, the ROA improved significantly to 2.85%. The company achieved its highest ROA in Q1 2022 at 5.23%, indicating efficient utilization of assets to generate profits. Overall, Envista's ROA has shown some volatility but has generally been positive, suggesting a mixed performance in asset efficiency and profitability over the analyzed quarters.
Peer comparison
Dec 31, 2023