Mesa Laboratories Inc (MLAB)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 18,116 | 12,270 | 8,702 | 2,458 | -9,329 | -5,860 | -1,805 | -5,539 | 4,191 | -1,723 | -1,517 | 6,004 | 9,108 | 11,642 | 11,911 | 11,986 | 8,589 | 5,186 | 5,300 | 7,494 |
| Total assets | US$ in thousands | 437,148 | 454,098 | 440,361 | 446,796 | 741,769 | 637,188 | 642,611 | 661,832 | 662,984 | 656,231 | 685,811 | 707,369 | 721,712 | 609,102 | 612,490 | 600,151 | 621,636 | 588,932 | 576,733 | 420,206 |
| Operating ROA | 4.14% | 2.70% | 1.98% | 0.55% | -1.26% | -0.92% | -0.28% | -0.84% | 0.63% | -0.26% | -0.22% | 0.85% | 1.26% | 1.91% | 1.94% | 2.00% | 1.38% | 0.88% | 0.92% | 1.78% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $18,116K ÷ $437,148K
= 4.14%
The operating return on assets (operating ROA) of Mesa Laboratories Inc has fluctuated over the analyzed periods. From March 31, 2020, to December 31, 2021, the operating ROA ranged between 0.88% and 2.00%, showing some variability in performance. However, starting from June 30, 2022, the operating ROA turned negative, indicating operational inefficiencies impacting the company's profitability.
The negative trend continued through March 31, 2023, with the operating ROA hitting its lowest point at -1.26%. This significant decline in performance suggests potential challenges in generating profits from assets utilized in operations during this period.
However, Mesa Laboratories Inc managed to recover from this downturn, as seen from the increasing trend in the operating ROA from March 31, 2024, onwards. By December 31, 2024, the operating ROA reached a notable high of 4.14%, indicating improved operational efficiency and profitability.
Overall, the varying values of the operating ROA reflect the company's ability to generate earnings from its operational assets over time, with both positive and negative trends observed throughout the analyzed periods. Further analysis of the underlying factors contributing to these fluctuations would provide valuable insights into Mesa Laboratories Inc's operational performance.
Peer comparison
Dec 31, 2024