Dentsply Sirona Inc (XRAY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,293,000 | 3,375,000 | 3,706,000 | 3,641,000 | 3,811,000 | 3,613,000 | 4,837,000 | 4,863,000 | 4,996,000 | 5,060,000 | 5,074,000 | 4,927,000 | 4,932,000 | 4,760,500 | 4,643,100 | 4,687,500 | 5,093,000 | 5,057,300 | 5,181,100 | 5,107,700 |
| ROE | -15.64% | -6.34% | -27.66% | -28.51% | -24.93% | -22.59% | 7.13% | 7.57% | 8.23% | 7.85% | 7.09% | 3.43% | -1.56% | -1.67% | -0.90% | 1.91% | 5.16% | 3.21% | 2.03% | -20.62% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-515,000K ÷ $3,293,000K
= -15.64%
DENTSPLY Sirona Inc's return on equity (ROE) has exhibited significant fluctuations over the past eight quarters. The ROE ranged from negative values of -28.51% in Q1 2023 to positive values of 7.46% in Q1 2022. In Q4 2023, the ROE stood at -4.01%, indicating a slight improvement from the previous quarter but still remaining in negative territory.
The negative ROE figures observed in some quarters suggest that DENTSPLY Sirona Inc's net income may not be generating sufficient returns relative to its shareholders' equity. This could be attributed to various factors such as low profitability, high debt levels, or inefficient use of assets.
On the other hand, the positive ROE values in Q1 and Q2 of 2022 indicate that the company was able to generate profits more efficiently relative to its shareholder equity during those periods. The significant improvement in ROE from negative values in Q1 2023 to positive values in Q1 2022 suggests a potential turnaround in performance during that time period.
Overall, the fluctuating trend in DENTSPLY Sirona Inc's ROE underscores the importance of closely monitoring the company's financial performance and identifying the underlying factors driving these variations to make informed investment decisions.
Peer comparison
Dec 31, 2023