Envista Holdings Corp (NVST)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,173,900 | 4,293,200 | 4,311,000 | 4,279,000 | 4,206,900 | 3,957,900 | 4,016,000 | 4,030,900 | 4,057,600 | 3,946,700 | 3,868,500 | 3,746,900 | 3,720,600 | 3,557,600 | 3,493,400 | 3,483,700 | 3,540,200 |
| ROE | -2.40% | 4.44% | 5.03% | 4.95% | 5.78% | 6.45% | 7.49% | 8.53% | 8.39% | 9.20% | 7.90% | 3.26% | 0.90% | -0.53% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-100,200K ÷ $4,173,900K
= -2.40%
Envista Holdings Corp's return on equity (ROE) has been fluctuating over the past eight quarters. The ROE ranged from a low of -2.40% in Q4 2023 to a high of 8.53% in Q1 2022. The downward trend from Q1 2022 to Q4 2023 indicates a decrease in the company's profitability relative to its shareholders' equity. This could be a concerning sign for investors as it suggests that the company may not be generating sufficient returns on the invested capital. Further analysis and investigation into the underlying reasons for the fluctuating ROE are warranted to address and potentially rectify the declining trend.
Peer comparison
Dec 31, 2023