DexCom Inc (DXCM)
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 | 541,500 | 377,000 | 357,500 | 292,500 | 341,200 | 244,100 | 230,200 | 257,700 | 216,900 | 633,500 | 618,400 | 586,300 | 549,700 | 231,100 | 204,700 | 147,900 | 101,100 | -171,300 | -170,500 | -129,800 |
| 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 |
| ROA | 8.64% | 5.72% | 5.24% | 5.30% | 6.33% | 4.98% | 4.41% | 5.10% | 4.40% | 13.26% | 13.73% | 13.36% | 12.81% | 6.03% | 5.81% | 6.04% | 4.22% | -7.84% | -8.25% | -6.58% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $541,500K ÷ $6,264,500K
= 8.64%
To analyze Dexcom Inc's return on assets (ROA) based on the data provided, we can see fluctuating ROA figures over the past eight quarters. ROA is a key profitability ratio that measures how efficiently the company is generating profits from its assets.
In Q4 2023, Dexcom Inc's ROA increased significantly to 8.64% from the previous quarter's 5.72%, indicating an improvement in the company's ability to generate profits relative to its total assets. This could be a positive sign of increasing efficiency in asset utilization or improved profitability.
Looking at the trend over the past quarters, Dexcom Inc's ROA has generally been increasing since Q2 2022, with some fluctuations. This suggests that the company has been gradually improving its efficiency in generating profits relative to its asset base.
It's essential for investors and stakeholders to monitor Dexcom Inc's ROA trend over time to assess the company's profitability and operational performance. A consistent improvement or strong ROA figures could indicate a healthy financial position and effective management of assets. Conversely, inconsistent or declining ROA figures may warrant further analysis to identify potential issues impacting the company's profitability.
Peer comparison
Dec 31, 2023