NCR Voyix Corporation (VYX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -423,000 | 60,000 | 97,000 | -79,000 | 564,000 |
| Total assets | US$ in thousands | 4,990,000 | 11,507,000 | 11,641,000 | 8,414,000 | 8,987,000 |
| ROA | -8.48% | 0.52% | 0.83% | -0.94% | 6.28% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-423,000K ÷ $4,990,000K
= -8.48%
The return on assets (ROA) for NCR Voyix Corporation has varied significantly over the past five years, indicating fluctuations in the company's profitability relative to its total assets.
In 2019, the ROA was relatively high at 6.28%, suggesting that the company was efficient in generating profits from its assets. However, this trend reversed in 2020, with a negative ROA of -0.94%, indicating a decline in profitability relative to assets.
The situation improved slightly in 2021 and 2022, with ROA figures of 0.83% and 0.52% respectively. Though positive, these values are relatively low compared to the peak in 2019.
The most recent data for 2023 shows a further decline in ROA to -8.48%, indicating a significant decrease in profitability relative to assets compared to the prior year.
Overall, the fluctuating ROA trend suggests that NCR Voyix Corporation may be facing challenges in efficiently utilizing its assets to generate profits, and further analysis of the company's financial performance and asset management strategies would be warranted.