DexCom Inc (DXCM)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 597,700 | 506,200 | 448,200 | 397,100 | 391,200 | 266,400 | 237,200 | 261,200 | 265,800 | 369,200 | 345,000 | 311,800 | 299,500 | 297,000 | 258,900 | 190,300 | 142,300 | -123,800 | -165,900 | -170,000 |
| Total assets | US$ in thousands | 6,264,500 | 6,596,200 | 6,820,700 | 5,515,900 | 5,391,700 | 4,899,200 | 5,217,400 | 5,057,000 | 4,933,300 | 4,775,900 | 4,503,800 | 4,389,800 | 4,290,500 | 3,833,200 | 3,521,800 | 2,447,900 | 2,395,000 | 2,185,700 | 2,065,900 | 1,974,000 |
| Operating ROA | 9.54% | 7.67% | 6.57% | 7.20% | 7.26% | 5.44% | 4.55% | 5.17% | 5.39% | 7.73% | 7.66% | 7.10% | 6.98% | 7.75% | 7.35% | 7.77% | 5.94% | -5.66% | -8.03% | -8.61% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $597,700K ÷ $6,264,500K
= 9.54%
Based on the operating return on assets (ROA) data for Dexcom Inc over the past eight quarters, we can observe fluctuations in the company's efficiency in generating operating income from its assets. The operating ROA has ranged from 4.81% to 9.57% during this period, indicating varying degrees of operational profitability.
In Q4 2023, Dexcom Inc achieved an operating ROA of 9.57%, representing an improvement compared to the previous quarters. This increase suggests that the company was able to generate a higher level of operating income relative to its assets in the most recent quarter.
On the other hand, the lowest operating ROA of 4.81% was recorded in Q2 2022, indicating a period of relatively lower operational efficiency. However, Dexcom Inc managed to improve its operating ROA over the subsequent quarters, reaching a peak in Q4 2023.
Overall, fluctuations in operating ROA can be influenced by various factors such as cost management, revenue generation, asset utilization, and operational efficiency. Dexcom Inc's management may need to continue monitoring and optimizing these aspects to sustain or further improve its operating ROA in the future.
Peer comparison
Dec 31, 2023