BioLife Solutions Inc (BLFS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -66,427 | -139,805 | -8,908 | 1,983 | -1,657 |
| Total assets | US$ in thousands | 412,714 | 450,229 | 554,286 | 234,829 | 92,816 |
| ROA | -16.10% | -31.05% | -1.61% | 0.84% | -1.79% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-66,427K ÷ $412,714K
= -16.10%
BioLife Solutions Inc's return on assets (ROA) has shown fluctuations over the past five years. In December 2023, the ROA was negative at -16.10%, indicating that the company generated a negative return on its assets. This was an improvement compared to the ROA of -31.05% in December 2022, suggesting some positive developments in asset utilization.
In December 2021, the ROA was negative but less severe at -1.61%, indicating a slight improvement from the previous year and potentially a better utilization of assets. The positive ROA of 0.84% in December 2020 reflected that the company generated a small return on its assets during that period.
However, in December 2019, the ROA was negative at -1.79%, indicating a decline in asset efficiency compared to the preceding year. Overall, the fluctuating ROA trend suggests that BioLife Solutions Inc has encountered challenges in maximizing returns from its assets in recent years and may need to focus on improving asset utilization to enhance profitability.
Peer comparison
Dec 31, 2023