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.


Peer comparison

Mar 31, 2024