Bio-Rad Laboratories Inc (BIO)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	275,170	314,561	341,044	330,365	390,701	411,580	413,427	444,027	475,106	463,418	527,426	531,991	489,430	557,690	510,486	437,446	410,957	294,920	242,780	247,428
Total assets	US$ in thousands	9,364,100	10,603,500	9,688,450	12,609,900	12,299,100	11,895,900	11,978,200	13,667,400	13,501,700	12,058,500	12,682,100	14,373,700	17,775,800	19,953,400	15,117,600	13,933,200	12,972,600	12,020,900	10,097,300	8,684,360
Operating ROA		2.94%	2.97%	3.52%	2.62%	3.18%	3.46%	3.45%	3.25%	3.52%	3.84%	4.16%	3.70%	2.75%	2.79%	3.38%	3.14%	3.17%	2.45%	2.40%	2.85%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $275,170K ÷ $9,364,100K
= 2.94%

Bio-Rad Laboratories Inc's operating return on assets (operating ROA) has shown fluctuations over the past few years, ranging from a low of 2.40% in June 2020 to a high of 4.16% in June 2022. The trend indicates a general improvement in operating efficiency and asset utilization from 2020 to 2022, with the operating ROA gradually increasing. However, in the latter part of 2022 and into 2024, the operating ROA experienced some variability, dropping to 2.62% in March 2024 before bouncing back to 3.52% in June 2024.

Overall, despite these fluctuations, Bio-Rad Laboratories Inc has managed to maintain a relatively stable operating ROA performance in the range of 2.40% to 4.16% in the analyzed periods. It is essential for the company to closely monitor and manage its operating efficiency and asset utilization to ensure sustainable profitability and value creation for its shareholders.