Dynavax Technologies Corporation (DVAX)

Return on assets (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
Net income (ttm)	US$ in thousands	-6,389	61,125	110,641	235,965	293,156	325,202	232,963	108,681	76,713	-38,533	-5,702	-61,754	-75,245	-96,534	-134,394	-125,528	-152,600	-155,813	-162,882	-159,613
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
ROA		-0.64%	6.28%	11.82%	24.33%	29.74%	32.54%	22.77%	10.77%	7.38%	-4.19%	-0.88%	-12.60%	-21.30%	-27.32%	-40.81%	-48.42%	-54.68%	-51.76%	-60.99%	-53.81%

December 31, 2023 calculation

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

Dynavax Technologies Corp.'s return on assets (ROA) has shown significant fluctuations over the past eight quarters. The ROA was negative in Q4 2023 at -0.64%, indicating that the company's assets did not generate a positive return during that period. This was a sharp decline from the ROA of 6.27% in Q3 2023.

However, looking at the trend over the previous quarters, Dynavax's ROA had been generally increasing from Q1 2022 to Q2 2023, reaching its peak at 32.11% in Q3 2022. This suggests that the company was efficiently utilizing its assets to generate higher returns during this period.

The sudden drop in ROA in Q4 2023 may indicate challenges or inefficiencies in asset utilization during that particular quarter. Investors and stakeholders may want to further investigate the factors contributing to this negative return and assess the company's ability to improve asset efficiency in the future quarters.