BioLife Solutions Inc (BLFS)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	102,868	122,972	125,729	136,909	142,796	154,008	161,427	162,452	161,032	154,468	147,521	138,192	118,837	96,581	74,057	52,773	48,087	41,249	36,673	33,590
Total assets	US$ in thousands	399,487	381,652	374,976	401,602	412,714	411,152	433,177	446,470	450,229	488,020	470,681	544,279	554,286	559,391	520,969	240,024	234,829	195,887	113,970	94,987
Total asset turnover		0.26	0.32	0.34	0.34	0.35	0.37	0.37	0.36	0.36	0.32	0.31	0.25	0.21	0.17	0.14	0.22	0.20	0.21	0.32	0.35

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $102,868K ÷ $399,487K
= 0.26

Total asset turnover is a key financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. BioLife Solutions Inc's total asset turnover has fluctuated over the past few years. The ratio decreased from 0.35 in March 2020 to 0.20 in December 2020, suggesting a decline in the company's ability to generate sales relative to its total assets during that period.

However, the ratio showed some improvement in the following quarters, reaching a peak of 0.37 in June 2023. This increase indicates that BioLife Solutions Inc was able to generate more revenue for each dollar of assets held during that period. Despite some fluctuations, the total asset turnover ratio has generally remained within a range of 0.20 to 0.37 over the years, indicating varying levels of asset utilization efficiency.

Overall, the trend in the total asset turnover ratio for BioLife Solutions Inc suggests that the company has experienced some shifts in its efficiency in generating sales from its total assets. Monitoring this ratio over time can provide insights into the company's operational performance and asset management strategies.