Dynavax Technologies Corporation (DVAX)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	27,309	-6,389	293,156	76,713	-91,776
Total assets	US$ in thousands	986,256	997,096	985,850	1,039,250	353,272
ROA		2.77%	-0.64%	29.74%	7.38%	-25.98%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $27,309K ÷ $986,256K
= 2.77%

Based on the provided data, Dynavax Technologies Corporation's return on assets (ROA) has exhibited fluctuations over the years:

1. As of December 31, 2020, the ROA was negative at -25.98%. This indicates that the company generated a negative return on its assets, potentially indicating inefficiencies in asset utilization.

2. By December 31, 2021, the ROA improved significantly to 7.38%, suggesting a positive turn in asset performance and potentially better operational efficiency.

3. The ROA continued to increase by December 31, 2022, reaching 29.74%. This substantial growth in return on assets indicates that the company effectively utilized its assets to generate higher profits.

4. However, by December 31, 2023, the ROA decreased to -0.64%, signaling a decline in asset efficiency and profitability compared to the previous year.

5. The latest data as of December 31, 2024, shows a slight improvement with an ROA of 2.77%, but it remains lower than the peak reached in 2022.

Overall, Dynavax Technologies Corporation's ROA has experienced variability, with notable improvements in certain years and declines in others. It is essential for the company to focus on consistently optimizing its asset utilization to ensure sustained profitability and efficiency in the future.