BioLife Solutions Inc (BLFS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -20,184 | -46,025 | -73,454 | -62,934 | -66,427 | -102,234 | -83,419 | -146,098 | -139,805 | -106,361 | -95,965 | -15,211 | -8,908 | 4,025 | 2,813 | -21,443 | 1,983 | 7,778 | 19,180 | 39,812 |
| 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 |
| ROA | -5.05% | -12.06% | -19.59% | -15.67% | -16.10% | -24.87% | -19.26% | -32.72% | -31.05% | -21.79% | -20.39% | -2.79% | -1.61% | 0.72% | 0.54% | -8.93% | 0.84% | 3.97% | 16.83% | 41.91% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-20,184K ÷ $399,487K
= -5.05%
BioLife Solutions Inc's return on assets (ROA) has experienced a significant decline over the past few years, from a high of 41.91% in March 2020 to -5.05% in December 2024. This indicates a deterioration in the company's ability to generate profits relative to its total assets. The decreasing trend suggests potential challenges in efficiently utilizing its assets to generate earnings. Investors and stakeholders may interpret this declining ROA as a signal of decreasing profitability and operational efficiency within BioLife Solutions Inc. Further analysis of the company's operational and financial strategies may be necessary to address and reverse this negative trend in ROA.
Peer comparison
Dec 31, 2024