Dynavax Technologies Corporation (DVAX)

Operating return on assets (Operating ROA)

		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	Mar 31, 2019
Operating income (ttm)	US$ in thousands	-37,028	34,598	90,879	222,511	283,522	301,104	255,775	136,720	134,486	41,874	11,981	-20,530	-68,371	-83,865	-100,669	-116,301	-134,843	-145,415	-153,683	-152,859
Total assets	US$ in thousands	997,096	972,933	936,432	969,922	985,850	999,337	1,023,000	1,008,980	1,039,250	919,711	647,909	490,119	353,272	353,395	329,314	259,256	279,068	301,015	267,081	296,600
Operating ROA		-3.71%	3.56%	9.70%	22.94%	28.76%	30.13%	25.00%	13.55%	12.94%	4.55%	1.85%	-4.19%	-19.35%	-23.73%	-30.57%	-44.86%	-48.32%	-48.31%	-57.54%	-51.54%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-37,028K ÷ $997,096K
= -3.71%

Dynavax Technologies Corp.'s operating return on assets (ROA) has shown some volatility over the past eight quarters. The operating ROA ranges from a negative 3.81% in Q4 2023 to a high of 30.03% in Q3 2022. The trend indicates a significant decline from more robust performance in earlier quarters, with a notable peak in Q4 2022 at 28.66%. The company experienced a strong decline in operating ROA in the most recent quarters, potentially signaling challenges in operational efficiency or effectiveness. Further analysis of the company's financial performance and operational strategies may be warranted to understand the factors driving these fluctuations in operating ROA.