BioLife Solutions Inc (BLFS)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -7,129 | -23,440 | -145,541 | -35,160 | -6,241 |
| Total assets | US$ in thousands | 399,487 | 412,714 | 450,229 | 554,286 | 234,829 |
| Operating ROA | -1.78% | -5.68% | -32.33% | -6.34% | -2.66% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-7,129K ÷ $399,487K
= -1.78%
The operating return on assets (ROA) of BioLife Solutions Inc has shown a declining trend over the past five years. As of December 31, 2020, the operating ROA was -2.66%, deteriorating further to -6.34% by December 31, 2021. The most significant decline was observed by the end of December 31, 2022, with the operating ROA plummeting to -32.33%.
Although there was a slight improvement in performance by December 31, 2023, where the operating ROA stood at -5.68%, the company still struggled to generate adequate returns from its assets. By the end of December 31, 2024, BioLife Solutions Inc managed to reduce the negative impact on operating ROA to -1.78%, indicating a slight recovery compared to the previous year.
Overall, the fluctuating and predominantly negative operating ROA figures suggest that BioLife Solutions Inc may be facing challenges in effectively utilizing its assets to generate operating profits. This trend highlights the importance of closely monitoring and improving operational efficiency and asset utilization strategies to enhance financial performance in the future.
Peer comparison
Dec 31, 2024