Dynavax Technologies Corporation (DVAX)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-6,389	293,156	76,713	-75,240	-152,600
Total assets	US$ in thousands	997,096	985,850	1,039,250	353,272	279,068
ROA		-0.64%	29.74%	7.38%	-21.30%	-54.68%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-6,389K ÷ $997,096K
= -0.64%

Return on assets (ROA) is a financial ratio that measures a company's ability to generate profit from its total assets. A higher ROA indicates better asset utilization and efficiency in generating earnings.

Analyzing the ROA trend for Dynavax Technologies Corp. from 2019 to 2023 reveals significant fluctuations. In 2019, the company had a low ROA of -55.85%, implying inefficient asset utilization and a substantial loss relative to its asset base. This negative ROA might have been influenced by factors such as high expenses or underperforming assets.

By 2020, Dynavax Technologies Corp. improved its ROA to -21.30%, indicating some progress in utilizing its assets more effectively to generate profit, although still in negative territory. The company's ROA took a positive turn in 2021, reaching 6.94%, signaling a notable improvement in asset efficiency and profitability.

The financial performance peaked in 2022 with an ROA of 29.71%, showcasing strong profitability relative to its asset base. This surge may indicate improved operational efficiency, better cost management, or increased revenue generation.

However, in 2023, Dynavax Technologies Corp.'s ROA dropped to -0.64%, suggesting a decline in asset efficiency and profitability compared to the previous year. This decrease could be attributed to various factors such as increased expenses, declining sales, or asset impairments.

In conclusion, while Dynavax Technologies Corp. has shown fluctuations in its ROA over the years, the company experienced a mix of positive and negative trends in asset utilization and profitability. It is crucial for the company to continue monitoring and optimizing its asset management strategies to maintain or improve its financial performance in the future.