BioLife Solutions Inc (BLFS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -20,184 | -68,002 | -139,805 | -8,908 | 1,983 |
| Total assets | US$ in thousands | 399,487 | 412,714 | 450,229 | 554,286 | 234,829 |
| ROA | -5.05% | -16.48% | -31.05% | -1.61% | 0.84% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-20,184K ÷ $399,487K
= -5.05%
Based on the provided data, the return on assets (ROA) for BioLife Solutions Inc has shown a significant decline over the past five years.
As of December 31, 2020, the ROA was 0.84%, indicating that the company was able to generate a modest return on its assets. However, in the subsequent years, the ROA deteriorated notably. By December 31, 2021, the ROA fell to -1.61%, signifying that the company's assets were not generating sufficient returns to cover the expenses and generate profits.
The trend continued to worsen with ROA values of -31.05% by December 31, 2022, -16.48% by December 31, 2023, and -5.05% by December 31, 2024. These negative ROA figures suggest that the company's assets were not being effectively utilized to generate profits, which could raise concerns about the efficiency and profitability of BioLife Solutions Inc.
Overall, the declining trend in ROA over the years indicates that BioLife Solutions Inc may be struggling to generate returns on its assets, prompting a closer examination of the company's operational strategies and financial performance.
Peer comparison
Dec 31, 2024