BioLife Solutions Inc (BLFS)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	97,977	142,625	160,996	118,837	48,087
Total assets	US$ in thousands	399,487	412,714	450,229	554,286	234,829
Total asset turnover		0.25	0.35	0.36	0.21	0.20

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $97,977K ÷ $399,487K
= 0.25

The total asset turnover for BioLife Solutions Inc has shown fluctuations over the past five years. The ratio measures the company's efficiency in generating revenue relative to its total assets. In December 2020 and 2021, the total asset turnover was 0.20 and 0.21, respectively, indicating that for every dollar of assets, the company generated 20 cents and 21 cents in revenue.

There was a significant improvement in 2022, with the total asset turnover increasing to 0.36, suggesting the company was more effective in utilizing its assets to generate revenue. However, in 2023 and 2024, the total asset turnover decreased slightly to 0.35 and 0.25, respectively.

Overall, the company's total asset turnover has shown variability, with a peak in 2022. It is important for BioLife Solutions Inc to continue monitoring and optimizing its asset utilization to ensure efficient revenue generation in the future.