Tandem Diabetes Care Inc (TNDM)
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 | -222,611 | -208,461 | -224,470 | -203,751 | -94,593 | -67,933 | -13,169 | 5,895 | 15,566 | 21,758 | 6,556 | -24,559 | -34,382 | -48,730 | -42,223 | -16,628 | -24,753 | -23,719 | -55,063 | -112,910 |
| Total assets | US$ in thousands | 952,658 | 939,909 | 946,676 | 954,145 | 1,052,780 | 1,047,520 | 1,036,580 | 1,015,280 | 905,137 | 850,279 | 795,250 | 754,273 | 716,415 | 672,988 | 616,239 | 343,327 | 326,110 | 292,647 | 255,081 | 214,698 |
| ROA | -23.37% | -22.18% | -23.71% | -21.35% | -8.99% | -6.49% | -1.27% | 0.58% | 1.72% | 2.56% | 0.82% | -3.26% | -4.80% | -7.24% | -6.85% | -4.84% | -7.59% | -8.10% | -21.59% | -52.59% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-222,611K ÷ $952,658K
= -23.37%
Tandem Diabetes Care Inc's return on assets (ROA) has been fluctuating over the past eight quarters, ranging from negative percentages to positive percentages. In the most recent quarter, Q4 2023, the ROA is reported as -23.37%, which is a significant decrease from the previous quarter's -22.18%. This negative trend indicates that the company's ability to generate earnings from its assets has been deteriorating.
Looking back over the quarters, the ROA has been predominantly negative since Q2 2022, with occasional positive values. This downward trajectory suggests that Tandem Diabetes Care Inc may be facing challenges in utilizing its assets efficiently to generate profits. The most significant decline in ROA occurred between Q4 2022 and Q1 2023, dropping from -8.99% to -21.35%.
Overall, the consistent negative ROA values reflect a concerning trend for Tandem Diabetes Care Inc's profitability and asset management efficiency. It is crucial for the company to examine and address the factors contributing to these declining ROA figures to improve its financial performance and sustainability in the long run.
Peer comparison
Dec 31, 2023