Dentsply Sirona Inc (XRAY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -132,000 | -950,000 | 411,000 | -73,000 | 256,000 |
| Total assets | US$ in thousands | 7,370,000 | 7,643,000 | 9,239,000 | 9,342,000 | 8,603,000 |
| ROA | -1.79% | -12.43% | 4.45% | -0.78% | 2.98% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-132,000K ÷ $7,370,000K
= -1.79%
The return on assets (ROA) of DENTSPLY Sirona Inc has shown significant fluctuations over the past five years. In 2023, the ROA was -1.79%, indicating a negative return on the company's assets. This represents a decrease from the previous year's ROA of -12.43%, signifying an improvement in the company's asset utilization efficiency.
In 2021, the company experienced a ROA of 4.45%, demonstrating a healthy return on assets compared to the previous year's negative ROA of -0.89%. This positive performance in 2021 suggests that the company effectively utilized its assets to generate profits.
In 2020, the ROA was negative at -0.89%, reflecting a slight decline in asset efficiency from the previous year. However, in 2019, the ROA stood at 3.06%, indicating a solid return on assets compared to the negative ROA in 2020.
Overall, the fluctuation in DENTSPLY Sirona Inc's ROA over the past five years suggests varying degrees of asset efficiency and profitability. Investors and stakeholders may need to closely monitor the company's asset management strategies to ensure sustainable and positive returns in the future.
Peer comparison
Dec 31, 2023