Dentsply Sirona Inc (XRAY)
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 | -515,000 | -214,000 | -1,025,000 | -1,038,000 | -950,000 | -816,000 | 345,000 | 368,000 | 411,000 | 397,000 | 360,000 | 169,000 | -77,000 | -79,700 | -41,700 | 89,700 | 262,900 | 162,400 | 105,400 | -1,053,000 |
| Total assets | US$ in thousands | 7,370,000 | 7,201,000 | 7,650,000 | 7,673,000 | 7,643,000 | 7,522,000 | 8,948,000 | 9,172,000 | 9,239,000 | 9,306,000 | 9,378,000 | 9,137,000 | 9,342,000 | 8,895,900 | 8,604,200 | 8,058,400 | 8,603,000 | 8,366,800 | 8,575,300 | 8,604,500 |
| ROA | -6.99% | -2.97% | -13.40% | -13.53% | -12.43% | -10.85% | 3.86% | 4.01% | 4.45% | 4.27% | 3.84% | 1.85% | -0.82% | -0.90% | -0.48% | 1.11% | 3.06% | 1.94% | 1.23% | -12.24% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-515,000K ÷ $7,370,000K
= -6.99%
Based on the data provided, DENTSPLY Sirona Inc's return on assets (ROA) has been fluctuating over the past eight quarters. The ROA was negative in most quarters, with values ranging from -1.79% to -13.53%. This indicates that the company's net income generated from its assets was insufficient to cover the total assets during those periods.
Interestingly, there were two quarters, Q2 2022 and Q1 2022, where the ROA turned positive at 3.77% and 3.96% respectively. This suggests that the company was able to generate higher net income relative to its total assets during those periods.
Overall, the negative trend in ROA for most quarters may raise concerns about the company's asset utilization efficiency and profitability. Further analysis of the company's financial and operational performance is recommended to understand the factors contributing to these fluctuations in ROA.
Peer comparison
Dec 31, 2023