NCR Voyix Corporation (VYX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 943,000 | -423,000 | 60,000 | 97,000 | -79,000 |
| Total assets | US$ in thousands | 4,452,000 | 4,990,000 | 11,507,000 | 11,641,000 | 8,414,000 |
| ROA | 21.18% | -8.48% | 0.52% | 0.83% | -0.94% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $943,000K ÷ $4,452,000K
= 21.18%
Based on the return on assets (ROA) data for NCR Voyix Corporation over the years specified, the company's performance can be analyzed as follows:
1. December 31, 2020: -0.94%
The negative ROA in 2020 indicates that the company's net income generated from its assets was insufficient to cover the total assets held during that year, which could be a red flag for investors.
2. December 31, 2021: 0.83%
The positive ROA in 2021 shows an improvement compared to the previous year, suggesting that the company was able to generate more income relative to its assets. This could be a sign of better operational efficiency.
3. December 31, 2022: 0.52%
The slight decrease in ROA in 2022 could imply that the company's profitability slightly dipped compared to the previous year, which may warrant further investigation into the reasons behind this decline.
4. December 31, 2023: -8.48%
The significant negative ROA in 2023 indicates a substantial decline in profitability, where the company may have incurred losses greater than the value of its assets. This could be a concerning trend that requires management attention.
5. December 31, 2024: 21.18%
The notable increase in ROA in 2024 signifies a significant improvement in the company's profitability relative to its assets, indicating a strong performance that might be attributed to increased revenues or operational efficiency.
Overall, the variation in NCR Voyix Corporation's ROA over the years suggests fluctuations in the company's ability to generate profits from its asset base. Investors and stakeholders should closely monitor these trends to assess the company's financial health and performance sustainability.