Envista Holdings Corp (NVST)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,173,900 | 4,206,900 | 4,057,600 | 3,720,600 | 3,540,200 |
| ROE | -2.40% | 5.78% | 8.39% | 0.90% | 6.15% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-100,200K ÷ $4,173,900K
= -2.40%
Envista Holdings Corp's return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE was negative at -2.40%, indicating that the company has generated a net loss in relation to its shareholder equity. This is a significant decline from the previous year when the ROE was 5.78%. Looking further back, the ROE in 2021 was higher at 8.39%, demonstrating better profitability and efficiency in utilizing equity to generate earnings.
In 2020, the ROE was relatively low at 0.90%, indicating a weaker performance in generating profits from shareholder equity. However, in 2019, the ROE was higher at 6.15%, showing an improvement in profitability compared to 2020. Overall, these fluctuations in ROE suggest varying levels of efficiency and profitability in Envista Holdings Corp's operations over the past five years. Further analysis of the company's financial performance and operational efficiency is recommended to understand the underlying factors contributing to these fluctuations in ROE.
Peer comparison
Dec 31, 2023