Bio-Rad Laboratories Inc (BIO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -637,300 | -3,627,500 | 4,254,260 | 3,814,230 | 1,758,700 |
| Total assets | US$ in thousands | 12,299,100 | 13,501,700 | 17,799,400 | 12,972,600 | 8,008,860 |
| ROA | -5.18% | -26.87% | 23.90% | 29.40% | 21.96% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-637,300K ÷ $12,299,100K
= -5.18%
The return on assets (ROA) for Bio-Rad Laboratories Inc. has exhibited significant fluctuations over the past five years. In 2023, the ROA was -5.18%, indicating that the company generated a negative return on its total assets. This decline follows a substantial decrease from the prior year, where the ROA was -26.87%, suggesting a deepening loss in asset efficiency.
In contrast, in 2021, the company experienced a robust ROA of 23.89%, signifying a strong ability to generate profit relative to its total assets. This positive performance continued from 2020 when the ROA stood at 29.34%, indicating a high level of asset utilization and profitability. Similarly, in 2019, the ROA was 21.96%, reflecting a good return on assets.
The fluctuating trend in ROA for Bio-Rad Laboratories Inc. warrants further investigation into the factors driving these variations. A negative ROA may raise concerns about the company's operational efficiency and profitability, while positive ROA figures indicate effective asset utilization. Monitoring ROA over time can provide valuable insights into the company's financial health and performance in generating profits from its assets.
Peer comparison
Dec 31, 2023