Return on Assets (ROA)
since 2005
Calculation
DexCom Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 6.33% | = | 100 | × | 341,200) | ÷ | 5,391,700) |
| Dec 31, 2021 | 3.18% | = | 100 | × | 154,700) | ÷ | 4,863,600) |
| Dec 31, 2020 | 11.50% | = | 100 | × | 493,600) | ÷ | 4,290,500) |
| Dec 31, 2019 | 4.22% | = | 100 | × | 101,100) | ÷ | 2,395,000) |
| Dec 31, 2018 | -6.63% | = | 100 | × | (127,100) | ÷ | 1,916,000) |
| Dec 31, 2017 | -5.55% | = | 100 | × | (50,200) | ÷ | 904,100) |
| Dec 31, 2016 | -16.29% | = | 100 | × | (65,600) | ÷ | 402,800) |
| Dec 31, 2015 | -19.73% | = | 100 | × | (57,600) | ÷ | 292,000) |
| Dec 31, 2014 | -12.13% | = | 100 | × | (22,400) | ÷ | 184,600) |
| Dec 31, 2013 | -24.33% | = | 100 | × | (29,800) | ÷ | 122,500) |
| Dec 31, 2012 | -51.42% | = | 100 | × | (54,500) | ÷ | 106,000) |
| Dec 31, 2011 | -37.14% | = | 100 | × | (44,746) | ÷ | 120,475) |
| Dec 31, 2010 | -71.50% | = | 100 | × | (55,170) | ÷ | 77,164) |
| Dec 31, 2009 | -114.01% | = | 100 | × | (53,524) | ÷ | 46,948) |
| Dec 31, 2008 | -124.38% | = | 100 | × | (55,184) | ÷ | 44,366) |
| Dec 31, 2007 | -59.38% | = | 100 | × | (45,878) | ÷ | 77,259) |
| Dec 31, 2006 | -72.19% | = | 100 | × | (46,599) | ÷ | 64,553) |
| Dec 31, 2005 | -54.45% | = | 100 | × | (30,890) | ÷ | 56,726) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial trajectory from 2005 to 2022 reveals a transition from a prolonged period of operational losses and limited scale to a phase of substantial profitability and massive asset expansion.
- Net Income Trends
- A consistent pattern of net losses was observed from 2005 through 2018, with the most significant deficit occurring in 2018 at -127.1 million. A fundamental shift in earnings performance occurred in 2019, marking the first instance of positive net income at 101.1 million. This was followed by a peak in 2020 with net income reaching 493.6 million. While a decline occurred in 2021, the trend recovered in 2022 to 341.2 million.
- Asset Base Growth
- The asset base exhibited slow growth between 2005 and 2013, remaining under 123 million. A period of rapid acceleration began in 2014, with total assets increasing from 184.6 million to 904.1 million by 2017. This expansion intensified further between 2018 and 2022, as total assets scaled from 1.92 billion to 5.39 billion, representing a significant increase in the company's operational footprint.
- Return on Assets (ROA) Interpretation
- ROA remained negative for the majority of the period, characterized by high volatility between 2005 and 2012, including a low of -124.38% in 2008. A gradual improvement in efficiency is noted from 2013 onwards, as the ROA moved closer to the break-even point. The ratio turned positive in 2019 at 4.22% and peaked in 2020 at 11.50%. Although it dipped to 3.18% in 2021, the ROA rose to 6.33% by 2022, indicating that the company has successfully transitioned to generating positive returns on its significantly larger asset base.
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Comparison to Competitors
DexCom Inc., ROA, long-term trends, comparison to competitors
| DexCom Inc. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2022 | 6.33% | 9.31% | 5.86% | 10.19% | 5.54% | 8.19% |
| Dec 31, 2021 | 3.18% | 9.40% | 6.26% | 12.58% | 3.87% | 8.15% |
| Dec 31, 2020 | 11.50% | 6.20% | 5.28% | 9.50% | 5.28% | 7.81% |
| Dec 31, 2019 | 4.22% | 5.43% | 6.21% | 14.17% | 5.16% | 7.96% |
| Dec 31, 2018 | -6.63% | 3.53% | 5.24% | 14.37% | 3.40% | 7.87% |
| Dec 31, 2017 | -5.55% | 0.63% | 5.45% | 11.46% | 4.04% | 7.59% |
| Dec 31, 2016 | -16.29% | 2.66% | 3.79% | 11.34% | 3.55% | 5.71% |
| Dec 31, 2015 | -19.73% | 10.72% | 4.15% | 12.00% | 2.51% | 5.22% |
| Dec 31, 2014 | -12.13% | 5.53% | 4.14% | 10.58% | 8.08% | 6.50% |
| Dec 31, 2013 | -24.33% | 6.00% | 4.18% | 16.99% | 9.95% | 6.87% |
| Dec 31, 2012 | -51.42% | 8.87% | 4.50% | 16.18% | 10.93% | 6.83% |
| Dec 31, 2011 | -37.14% | 7.84% | 5.09% | 16.16% | 10.18% | 7.57% |
| Dec 31, 2010 | -71.50% | 7.78% | 5.75% | 15.97% | 11.03% | 7.35% |
| Dec 31, 2009 | -114.01% | 10.96% | 9.10% | 12.85% | 9.17% | 6.47% |
| Dec 31, 2008 | -124.38% | 11.51% | 5.15% | 13.86% | 10.05% | 5.33% |
| Dec 31, 2007 | -59.38% | 9.08% | 6.43% | 13.90% | 14.36% | 9.14% |
| Dec 31, 2006 | -72.19% | 4.75% | 5.98% | 10.72% | 12.95% | 8.61% |
| Dec 31, 2005 | -54.45% | 11.57% | 4.79% | 18.77% | 10.86% | 7.98% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
DexCom Inc., ROA, long-term trends, comparison to sector (health care equipment & services)
| DexCom Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2022 | 6.33% | 7.49% |
| Dec 31, 2021 | 3.18% | 7.28% |
| Dec 31, 2020 | 11.50% | 6.62% |
| Dec 31, 2019 | 4.22% | 6.77% |
| Dec 31, 2018 | -6.63% | 5.72% |
| Dec 31, 2017 | -5.55% | 5.00% |
| Dec 31, 2016 | -16.29% | 4.37% |
| Dec 31, 2015 | -19.73% | 4.93% |
| Dec 31, 2014 | -12.13% | 6.03% |
| Dec 31, 2013 | -24.33% | 6.64% |
| Dec 31, 2012 | -51.42% | 7.54% |
| Dec 31, 2011 | -37.14% | 7.54% |
| Dec 31, 2010 | -71.50% | 7.69% |
| Dec 31, 2009 | -114.01% | 8.84% |
| Dec 31, 2008 | -124.38% | 7.51% |
| Dec 31, 2007 | -59.38% | 8.92% |
| Dec 31, 2006 | -72.19% | 7.40% |
| Dec 31, 2005 | -54.45% | 7.94% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
DexCom Inc., ROA, long-term trends, comparison to industry (health care)
| DexCom Inc. | Health Care | |
|---|---|---|
| Dec 31, 2022 | 6.33% | 9.66% |
| Dec 31, 2021 | 3.18% | 9.46% |
| Dec 31, 2020 | 11.50% | 5.81% |
| Dec 31, 2019 | 4.22% | 8.32% |
| Dec 31, 2018 | -6.63% | 7.90% |
| Dec 31, 2017 | -5.55% | 5.19% |
| Dec 31, 2016 | -16.29% | 7.31% |
| Dec 31, 2015 | -19.73% | 7.71% |
| Dec 31, 2014 | -12.13% | 8.59% |
| Dec 31, 2013 | -24.33% | 8.76% |
| Dec 31, 2012 | -51.42% | 8.09% |
| Dec 31, 2011 | -37.14% | 7.36% |
| Dec 31, 2010 | -71.50% | 7.24% |
| Dec 31, 2009 | -114.01% | 9.73% |
| Dec 31, 2008 | -124.38% | 9.50% |
| Dec 31, 2007 | -59.38% | 8.88% |
| Dec 31, 2006 | -72.19% | 10.52% |
| Dec 31, 2005 | -54.45% | 9.67% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).