Dynavax Technologies Corporation (DVAX)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-4,122	-37,028	283,522	134,486	-75,222
Total assets	US$ in thousands	986,256	997,096	985,850	1,039,250	353,272
Operating ROA		-0.42%	-3.71%	28.76%	12.94%	-21.29%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $-4,122K ÷ $986,256K
= -0.42%

The operating return on assets (operating ROA) for Dynavax Technologies Corporation has shown variations over the years based on the data provided.

- As of December 31, 2020, the operating ROA was -21.29%, indicating that the company's operating earnings were negative relative to its assets, which could raise concerns about its operational efficiency and profitability.

- By December 31, 2021, the operating ROA improved significantly to 12.94%, suggesting a positive turnaround in the company's operational performance and efficiency in generating profits from its assets.

- The following year, as of December 31, 2022, there was a substantial increase in the operating ROA to 28.76%, indicating a further improvement in profitability and the company's ability to maximize returns from its assets.

- However, by December 31, 2023, the operating ROA declined to -3.71%, signaling a reversal in profitability and a potential decrease in operating efficiency compared to the previous year.

- Lastly, as of December 31, 2024, the operating ROA further decreased to -0.42%, continuing the downward trend in profitability and suggesting potential challenges in effectively utilizing the company's assets to generate earnings.

Overall, the analysis of Dynavax Technologies Corporation's operating ROA highlights fluctuations in operational efficiency and profitability over the years, emphasizing the importance of closely monitoring and managing the company's asset utilization and operating performance to sustain long-term financial health.