Mesa Laboratories Inc (MLAB)

Operating return on assets (Operating ROA)

		Mar 31, 2025	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
Operating income (ttm)	US$ in thousands	16,336	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
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
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%

March 31, 2025 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $16,336K ÷ $—K
= —

Mesa Laboratories Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past few years. The trend shows a gradual increase from December 31, 2020, reaching a peak at 4.14% on December 31, 2024. This indicates that the company was able to generate a higher operating profit relative to its assets during this period.

However, there were periods of decline in the operating ROA, with negative values seen in some quarters from June 30, 2022, to March 31, 2024. This suggests that Mesa Laboratories Inc faced challenges in efficiently utilizing its assets to generate operating profits during these quarters.

Overall, it is crucial for the company to focus on maintaining a positive and increasing trend in its operating ROA to demonstrate effective asset utilization and sustainable profitability in the long term. Monitoring and managing factors affecting operating ROA, such as operational efficiency and asset management, will be essential for Mesa Laboratories Inc to ensure continued financial performance.