BioLife Solutions Inc (BLFS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 337,663 | 332,017 | 352,128 | 358,107 | 364,188 | 405,120 | 409,544 | 476,075 | 478,047 | 489,259 | 452,281 | 208,777 | 204,429 | 186,851 | 105,843 | 67,709 | 43,321 | 35,191 | 2,072 | -3,740 |
| ROE | -19.67% | -30.79% | -23.69% | -40.80% | -38.39% | -26.25% | -23.43% | -3.20% | -1.86% | 0.82% | 0.62% | -10.27% | 0.97% | 4.16% | 18.12% | 58.80% | -3.82% | 46.30% | -890.01% | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-66,427K ÷ $337,663K
= -19.67%
The return on equity (ROE) for BioLife Solutions Inc has shown significant fluctuations over the past few quarters, ranging from -890.01% to 58.80%. The ROE has been negative in most recent quarters, indicating that the company's net income is not sufficient to generate a positive return for its shareholders.
The ROE has been particularly low in the last four quarters, with values below -20%, reaching as low as -40.80%. These results suggest that the company's profitability and efficiency in generating returns for its shareholders have been under pressure.
It is important for investors to closely monitor the company's financial performance and management strategies to assess its ability to improve ROE in the future. The negative and fluctuating ROE trends may raise concerns about the company's overall financial health and sustainability.
Peer comparison
Dec 31, 2023