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.