3D Systems Corporation (DDD)
Return on assets (ROA)
| Mar 31, 2024 | 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -349,268 | -362,688 | -95,573 | -121,267 | -125,333 | -122,711 | -103,358 | 226,696 | 250,025 | 322,052 | 308,422 | -57,123 | -85,442 | -149,594 | -134,478 | -78,432 | -64,410 | -69,880 | -69,302 | -64,009 |
| Total assets | US$ in thousands | 857,236 | 990,660 | 1,392,750 | 1,431,700 | 1,442,290 | 1,446,610 | 1,431,370 | 1,481,960 | 1,506,560 | 1,549,100 | 1,005,100 | 712,293 | 705,507 | 733,055 | 707,282 | 751,211 | 783,712 | 807,312 | 822,763 | 877,551 |
| ROA | -40.74% | -36.61% | -6.86% | -8.47% | -8.69% | -8.48% | -7.22% | 15.30% | 16.60% | 20.79% | 30.69% | -8.02% | -12.11% | -20.41% | -19.01% | -10.44% | -8.22% | -8.66% | -8.42% | -7.29% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-349,268K ÷ $857,236K
= -40.74%
3D Systems Corporation's return on assets (ROA) has been volatile over the past several quarters. The trend shows a declining pattern starting from the end of 2021, with ROA reaching a low of -40.74% as of March 31, 2024. This indicates that the company's ability to generate profit from its assets has deteriorated significantly.
The negative ROA figures suggest that 3D Systems Corporation's assets are not effectively generating profits or that the company is incurring significant losses. The recent negative ROA values indicate financial distress or operational inefficiencies within the company.
The positive ROA values in the earlier periods, particularly in mid-2022, indicate that the company was more efficient in generating profits from its assets during that time. However, the decline in ROA since then suggests a decrease in profitability and efficiency in asset utilization.
Overall, the downward trend in ROA signals a potential red flag for investors and stakeholders, indicating a need for closer scrutiny of the company's financial health and operational performance.
Peer comparison
Mar 31, 2024