Dynavax Technologies Corporation (DVAX)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 25,026 | 17,518 | 25,327 | 14,618 | 2,390 | 69,360 | 119,300 | 244,462 | 301,031 | 333,639 | 241,108 | 117,633 | 88,697 | -24,231 | 11,718 | -42,711 | -56,178 | -77,406 | -115,281 | -106,546 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 596,799 | 681,427 | 642,849 | 618,480 | 622,072 | 604,916 | 577,205 | 563,732 | 581,013 | 500,576 | 422,799 | 287,484 | 222,374 | 67,576 | 83,380 | 99,762 | 58,693 | 69,284 | 58,295 | 11,824 |
| Return on total capital | 4.19% | 2.57% | 3.94% | 2.36% | 0.38% | 11.47% | 20.67% | 43.36% | 51.81% | 66.65% | 57.03% | 40.92% | 39.89% | -35.86% | 14.05% | -42.81% | -95.71% | -111.72% | -197.75% | -901.10% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $25,026K ÷ ($—K + $596,799K)
= 4.19%
Dynavax Technologies Corporation's return on total capital has shown a significant improvement over the past few years. The company experienced negative returns from March 2020 to June 2021, indicating that the company's capital investments were yielding poor results during that period. However, starting from June 2021, the return on total capital turned positive and has been consistently increasing.
The return on total capital improved from a negative 35.86% in September 2021 to a positive 4.19% in December 2024. This indicates that Dynavax Technologies Corporation has been able to generate a return on its total capital investment, indicating effective utilization of capital resources to generate profits.
The positive trend in return on total capital from June 2021 to December 2024 suggests that the company's financial performance and efficiency in capital allocation have improved. It is essential for the company to sustain this positive momentum to ensure long-term profitability and growth.
Peer comparison
Dec 31, 2024