Mesa Laboratories Inc (MLAB)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	-254,246	930	1,871	3,274	1,349
Total assets	US$ in thousands	446,796	661,832	707,369	601,475	409,108
ROA		-56.90%	0.14%	0.26%	0.54%	0.33%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $-254,246K ÷ $446,796K
= -56.90%

Mesa Laboratories Inc's return on assets (ROA) has exhibited a declining trend over the past five years, with figures ranging from -56.90% in March 2024 to 0.33% in March 2020. The negative ROA in March 2024 indicates that the company's net income generated a loss when compared to its total assets for that period. This signifies inefficiency in asset utilization or potential financial challenges affecting profitability.

In contrast, the positive ROA figures from 2020 to 2022 suggest that Mesa Laboratories Inc was able to generate a modest return on its assets during those years, albeit with fluctuations. However, the declining trend from 2022 to 2024 raises concerns about the company's ability to efficiently utilize its assets to generate profits. Further analysis of the company's financial performance, asset management strategies, and overall business operations would be necessary to better understand the factors contributing to the fluctuating ROA values.