Dynavax Technologies Corporation (DVAX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	622,072	581,013	222,374	58,693	8,290
ROE		-1.03%	50.46%	34.50%	-128.19%	-1,840.77%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-6,389K ÷ $622,072K
= -1.03%

Return on equity (ROE) is a key financial indicator that measures a company's profitability and efficiency in generating returns for its shareholders. Looking at the historical ROE figures for Dynavax Technologies Corp., we observe significant fluctuations over the past five years.

In 2023, the company reported a negative ROE of -1.03%, indicating that it generated a net loss relative to its shareholders' equity. This negative return may be a cause for concern as it suggests that the company's profitability and efficiency in using its equity capital were below par.

In contrast, in 2022, Dynavax Technologies Corp. exhibited a strong ROE of 50.41%, reflecting a profitable year where the company effectively utilized its equity to generate returns for its shareholders. This positive ROE indicates that the company created value for its investors through its operations.

Similarly, in 2021, the company maintained a healthy ROE of 32.44%, indicating another year of efficient use of equity capital to generate profits. This suggests that Dynavax Technologies Corp. continued to deliver positive returns to its shareholders during this period.

Conversely, in 2020 and 2019, the company reported negative ROEs of -128.19% and -1,880.18%, respectively. These extreme negative figures signify that the company experienced significant losses relative to its shareholder equity during these years, highlighting potential financial challenges or operational issues impacting its profitability.

In summary, the analysis of Dynavax Technologies Corp.'s ROE reveals a mix of positive and negative performances over the past five years. The company demonstrated strong profitability and efficient use of equity in some years, while facing challenges and reporting losses in others. Monitoring ROE trends can provide valuable insights into the company's financial health and management effectiveness in creating shareholder value.