BioLife Solutions Inc (BLFS)

Return on assets (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
Net income (ttm)	US$ in thousands	-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	-1,657	16,293	-18,441	-49,039
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
ROA		-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%	-1.79%	19.45%	-35.95%	-102.01%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-66,427K ÷ $412,714K
= -16.10%

The return on assets (ROA) of BioLife Solutions Inc has fluctuated significantly over the past 20 quarters. The ROA ranged from a low of -102.01% in Q1 2019 to a high of 41.91% in Q1 2020. The most recent ROA of -16.10% indicates that the company generated a negative return on its assets in the last quarter of 2023.

Overall, the trend in ROA appears to be volatile, with periods of both positive and negative returns. It is important for stakeholders to monitor this metric closely to understand the company's ability to generate profits relative to its total assets. Further analysis is required to identify the underlying reasons for these fluctuations and assess the company's overall financial performance.