BioLife Solutions Inc (BLFS)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -70,825 | -145,541 | -35,160 | -6,241 | -220 |
| Total assets | US$ in thousands | 412,714 | 450,229 | 554,286 | 234,829 | 92,816 |
| Operating ROA | -17.16% | -32.33% | -6.34% | -2.66% | -0.24% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-70,825K ÷ $412,714K
= -17.16%
BioLife Solutions Inc's operating return on assets (operating ROA) has exhibited a fluctuating trend over the past five years. The operating ROA decreased from -0.24% in 2019 to -2.66% in 2020, indicating a decline in the company's ability to generate operating profit from its assets during that period. The negative trend continued in 2021 with an operating ROA of -6.34%. However, there was a significant drop in performance in 2022, with operating ROA plummeting to -32.33%.
The most recent data for 2023 shows an operating ROA of -17.16%, which, although still negative, represents an improvement from the previous year. Despite this improvement, the company is still struggling to effectively utilize its assets to generate operating income.
Overall, BioLife Solutions Inc's operating ROA has been predominantly negative in recent years, indicating inefficiency in generating operating profits relative to its asset base. The company may need to address operational inefficiencies and enhance asset utilization to improve its financial performance and create sustainable value for its stakeholders.
Peer comparison
Dec 31, 2023