Bio-Rad Laboratories Inc (BIO)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	337,796	361,149	364,846	398,121	482,616	481,834	543,992	545,882	500,336	568,059	520,855	447,815	421,326	294,920	242,780	247,428	229,661	-56,598	-77,783	-90,381
Total assets	US$ in thousands	12,299,100	11,895,900	11,978,200	13,667,400	13,501,700	12,058,500	12,682,100	14,373,700	17,799,400	19,953,400	15,117,600	13,933,200	12,972,600	12,020,900	10,097,300	8,684,360	8,008,860	7,177,100	7,646,900	6,862,900
Operating ROA		2.75%	3.04%	3.05%	2.91%	3.57%	4.00%	4.29%	3.80%	2.81%	2.85%	3.45%	3.21%	3.25%	2.45%	2.40%	2.85%	2.87%	-0.79%	-1.02%	-1.32%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $337,796K ÷ $12,299,100K
= 2.75%

To analyze Bio-Rad Laboratories Inc.'s operating return on assets (operating ROA) based on the provided data, we observe fluctuating trends over the past eight quarters. The operating ROA has shown a declining pattern from Q2 2022 to Q4 2023, decreasing from 4.16% to 2.75%. This downward trend may suggest a decrease in the company's operating efficiency and/or profitability over time.

However, while the operating ROA has decreased, it is noteworthy that the values have remained relatively close together over the period, with no significant outliers. This suggests that despite the decline in operating ROA, Bio-Rad Laboratories Inc. has been able to maintain a consistent level of operational performance.

It is important for stakeholders to closely monitor the trend in operating ROA to assess the company's ability to generate profits from its assets. Further analysis of the company's operational strategies, cost management, and revenue generation may be required to determine the factors influencing the fluctuating operating ROA.