Dentsply Sirona Inc (XRAY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,293,000 | 3,811,000 | 4,996,000 | 4,932,000 | 5,093,000 |
| ROE | -4.01% | -24.93% | 8.23% | -1.48% | 5.03% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-132,000K ÷ $3,293,000K
= -4.01%
DENTSPLY Sirona Inc's Return on Equity (ROE) has shown significant variability over the past five years. In 2023, the ROE stood at -4.01%, reflecting a negative return on shareholders' equity. This indicates that the company generated a net loss in relation to its equity during that period. The ROE deteriorated significantly compared to the previous year, as in 2022, it was at -24.93%, suggesting a steep decline in profitability and efficiency in utilizing shareholder equity.
However, a positive trend was observed in 2021 when the ROE was 8.23%, indicating a decent return on equity for that year. This performance was a rebound from the negative ROE of -1.67% in 2020, signifying an improvement in profitability and efficiency in utilizing equity funds. Moreover, in 2019, the ROE was 5.16%, indicating a reasonable return on equity compared to 2020 but slightly lower than 2021.
Overall, the fluctuating trend in DENTSPLY Sirona Inc's ROE over the five-year period suggests inconsistencies in the company's ability to generate profits relative to shareholders' equity. It is essential for investors and stakeholders to monitor this metric closely to assess the company's profitability and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2023