3D Systems Corporation (DDD)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-362,688	-122,711	322,052	-149,594	-69,880
Total assets	US$ in thousands	990,660	1,446,610	1,549,100	733,055	807,312
ROA		-36.61%	-8.48%	20.79%	-20.41%	-8.66%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-362,688K ÷ $990,660K
= -36.61%

Based on the data provided, 3D Systems Corporation's return on assets (ROA) has fluctuated significantly over the past five years. In 2023, the ROA was -36.61%, indicating that the company generated a negative return on its assets. This sharp decline from the previous year's -8.48% suggests a substantial deterioration in asset efficiency or profitability.

In 2022, the ROA improved to -8.48%, but still remained negative. The positive trend compared to the previous year's -20.41% signifies a potential turnaround in asset utilization and profitability, albeit still below a positive return.

The most impressive performance in the dataset was noted in 2021, with an ROA of 20.79%, indicating a strong ability to generate profits from its assets. This substantial increase from the negative returns of the two preceding years suggests improved operational efficiency and profitability.

In contrast, in 2020 and 2019, 3D Systems Corporation recorded negative ROA figures of -20.41% and -8.66% respectively, indicating inefficiencies in asset utilization and profitability during those periods.

Overall, the negative ROA values observed from 2019 to 2023 highlight challenges faced by 3D Systems Corporation in effectively generating profits from its assets. The significant fluctuations in ROA over the years indicate potential issues in asset management and operational performance that may require further analysis and strategic focus.