Bio-Rad Laboratories Inc (BIO)

Return on assets (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
Net income (ttm)	US$ in thousands	-1,844,202	-778,694	-1,325,609	-322,369	-637,323	-153,537	-424,026	-188,960	-3,627,532	-6,034,686	-1,942,424	-101,126	4,245,898	6,658,660	4,045,450	4,097,765	3,806,263	3,520,647	1,947,011	1,579,392
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
ROA		-19.69%	-7.34%	-13.68%	-2.56%	-5.18%	-1.29%	-3.54%	-1.38%	-26.87%	-50.05%	-15.32%	-0.70%	23.89%	33.37%	26.76%	29.41%	29.34%	29.29%	19.28%	18.19%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-1,844,202K ÷ $9,364,100K
= -19.69%

Based on the provided data, Bio-Rad Laboratories Inc's Return on Assets (ROA) has shown a fluctuating trend over the observed period from March 31, 2020, to December 31, 2024. The ROA started on a positive note, gradually increasing from 18.19% in March 2020 to a peak of 33.37% in September 2021. This indicates that the company was generating substantial earnings relative to its assets during this period.

However, the ROA started declining after September 2021, reaching negative values by March 2022. This signifies that the company's asset utilization and profitability deteriorated, resulting in net losses relative to its total assets. The negative trend continued through December 2024, with the ROA fluctuating between -1.29% and -19.69%.

The declining ROA indicates potential challenges in efficiently utilizing Bio-Rad Laboratories Inc's assets to generate profits, which could be attributed to various factors such as increasing costs, declining revenues, or inefficiencies in operations. It suggests that the company may need to review its strategies and operations to improve asset performance and profitability in the future.