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.
Peer comparison
Dec 31, 2023