Envista Holdings Corp (NVST)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,118,600 | -1,337,200 | -1,323,900 | -120,400 | -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 | 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 |
| ROA | -20.91% | -24.27% | -24.34% | -1.84% | -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, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,118,600K ÷ $5,350,500K
= -20.91%
Envista Holdings Corp's return on assets (ROA) has shown significant fluctuations over the period analyzed.
The ROA started at a negative -0.29% as of September 30, 2020, indicating that the company's assets were not effectively utilized to generate earnings. However, there was a notable improvement by December 31, 2020, with a positive ROA of 0.48%, continuing to rise steadily to reach a peak of 5.53% by September 30, 2021.
Subsequently, the ROA experienced a slight decline but remained above 5% until December 31, 2021. However, from March 31, 2022, there was a gradual decrease in ROA, dropping to 3.69% by December 31, 2022.
The trend worsened significantly in the following periods, with ROA declining to negative values, reaching a low of -24.34% by June 30, 2024. This indicates that the company's assets were not generating sufficient earnings or, in fact, may have been leading to losses during this period.
Overall, the downward trend in Envista Holdings Corp's ROA from the initial positive values to negative values towards the end of the period may raise concerns about the company's efficiency in utilizing its assets to generate profits. Further analysis of the company's financial performance and operational strategies is recommended to understand the reasons behind these fluctuations in ROA.
Peer comparison
Dec 31, 2024