Tandem Diabetes Care Inc (TNDM)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -222,611 | -94,594 | 15,566 | -34,382 | -24,753 |
| Total assets | US$ in thousands | 952,658 | 1,052,780 | 905,137 | 716,415 | 326,110 |
| ROA | -23.37% | -8.99% | 1.72% | -4.80% | -7.59% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-222,611K ÷ $952,658K
= -23.37%
The return on assets (ROA) for Tandem Diabetes Care Inc has shown a fluctuating trend over the last five years. In 2023, the ROA was -23.37%, representing a significant decrease from the previous year's -8.99%. This negative figure indicates that the company incurred a substantial loss relative to its total assets for the year.
Looking back, the ROA was positive in 2021 at 1.72%, suggesting that the company generated a modest return on its assets that year. However, in 2020 and 2019, the ROA was negative at -4.80% and -7.59%, respectively, indicating that the company faced challenges in generating profits relative to its asset base during those years.
Overall, the recent sharp decline in ROA raises concerns about Tandem Diabetes Care Inc's ability to efficiently utilize its assets to generate profits. Further analysis of the company's financial performance and operational efficiency is warranted to fully understand the factors contributing to the negative ROA trend.
Peer comparison
Dec 31, 2023