BioLife Solutions Inc (BLFS)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	-13,096	-27,637	-41,553	-49,386	-52,863	-88,979	-85,244	-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
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
Operating ROA		-3.28%	-7.24%	-11.08%	-12.30%	-12.81%	-21.64%	-19.68%	-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%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-13,096K ÷ $399,487K
= -3.28%

BioLife Solutions Inc's operating return on assets (ROA) has shown a significant downward trend over the analyzed period, decreasing from -0.44% as of March 31, 2020, to -3.28% by December 31, 2024. This indicates that the company's operating profitability relative to its total assets has been deteriorating. The negative values suggest that the company's operating income generated from its assets is not sufficient to cover the related costs.

The decreasing trend in operating ROA could be a concern for investors and stakeholders as it may indicate inefficiency in asset utilization or a decline in operational performance. It would be advisable for management to closely evaluate the operational efficiency, profitability drivers, and asset management strategies to reverse this trend and improve the company's overall financial performance.