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.
Peer comparison
Dec 31, 2023