3D Systems Corporation (DDD)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -406,004 | -117,019 | -33,069 | -118,963 | -57,104 |
| Total assets | US$ in thousands | 990,660 | 1,446,610 | 1,549,100 | 733,055 | 807,312 |
| Operating ROA | -40.98% | -8.09% | -2.13% | -16.23% | -7.07% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-406,004K ÷ $990,660K
= -40.98%
3D Systems Corporation's operating return on assets (operating ROA) has shown significant fluctuations over the past five years. In 2023, the company's operating ROA was at a negative 40.98%, reflecting a substantial decline from the previous year. This sharp decrease indicates that the company may be generating lower operating income relative to its total assets.
Comparing 2023 to 2022, there was a notable deterioration in the operating ROA from -8.09% to -40.98%. This substantial decrease suggests a significant decline in the efficiency and profitability of 3D Systems' operations during this period.
Looking further back, in 2021, the company also displayed a negative operating ROA of -2.13%, indicating that 3D Systems' operating income was insufficient to cover its total assets, albeit to a lesser extent compared to 2023.
The most prominent negative operating return on assets was observed in 2020, where the operating ROA stood at -16.23%. This indicates that the company struggled to generate operating profits relative to the total assets employed during that year.
In 2019, 3D Systems Corporation also reported a negative operating ROA of -7.07%, highlighting an ongoing pattern of suboptimal operational performance.
Overall, the trend in 3D Systems Corporation's operating return on assets underscores inconsistency in the company's ability to generate operating income in proportion to its asset base. The negative values across the years suggest that the company may be facing operational challenges and inefficiencies that are impacting its profitability and utilization of assets.
Peer comparison
Dec 31, 2023