BioLife Solutions Inc (BLFS)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -70,823 | -106,939 | -89,896 | -151,179 | -145,541 | -114,735 | -114,154 | -42,146 | -35,160 | -22,104 | -12,191 | -7,592 | -6,241 | -1,593 | -1,119 | -416 | -220 | 1,584 | 3,551 | 4,089 |
| Total assets | US$ in thousands | 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 | 92,816 | 83,789 | 51,303 | 48,073 |
| Operating ROA | -17.16% | -26.01% | -20.75% | -33.86% | -32.33% | -23.51% | -24.25% | -7.74% | -6.34% | -3.95% | -2.34% | -3.16% | -2.66% | -0.81% | -0.98% | -0.44% | -0.24% | 1.89% | 6.92% | 8.51% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-70,823K ÷ $412,714K
= -17.16%
The operating return on assets (ROA) for BioLife Solutions Inc has shown a fluctuating trend over the past few quarters. It was notably negative in recent quarters, with figures ranging from -33.86% to -17.16%. This indicates that the company's operating income generated from its assets was insufficient to cover the asset base during these periods, resulting in negative returns.
The negative trend in operating ROA may raise concerns about the company's operational efficiency and profitability. Investors and stakeholders may closely monitor future financial performance to assess whether the company can improve its operating ROA and overall financial health. Further analysis of the company's operating expenses, revenue growth, and asset management strategies may provide insights into the factors influencing the negative operating ROA.
Peer comparison
Dec 31, 2023