Mesa Laboratories Inc (MLAB)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Net income (ttm)	US$ in thousands	-254,246	948	-717	1,819	930	319	-2,192	222	3,655	7,575	5,093	4,052	3,274	17,995	17,907	18,290	21,670	18,643	24,131	22,063
Total assets	US$ in thousands	446,796	741,769	637,188	642,611	661,832	662,984	656,231	685,811	707,369	721,712	609,102	612,490	601,475	621,636	588,932	576,733	409,108	423,467	392,465	159,671
ROA		-56.90%	0.13%	-0.11%	0.28%	0.14%	0.05%	-0.33%	0.03%	0.52%	1.05%	0.84%	0.66%	0.54%	2.89%	3.04%	3.17%	5.30%	4.40%	6.15%	13.82%

March 31, 2024 calculation

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

Mesa Laboratories Inc's return on assets (ROA) has shown fluctuating performance over the past several quarters. The company's ROA experienced a significant decline to -56.90% in March 2024, indicating that the company's assets were not generating profitable returns during that period. This negative ROA suggests that Mesa Laboratories Inc may have experienced financial challenges or inefficiencies in managing its assets.

Prior to this significant drop, the ROA had been relatively stable, ranging from negative figures to positive figures below 1% in the preceding quarters. The positive ROA figures indicate that Mesa Laboratories Inc was able to generate some level of profitability from its assets during those periods, albeit at relatively low levels.

However, looking further back, the company had recorded much higher ROA figures, with peaks reaching 13.82% in December 2019. These high ROAs suggest that Mesa Laboratories Inc was able to effectively utilize its assets to generate substantial returns for its stakeholders during that period.

Overall, Mesa Laboratories Inc's ROA performance has been volatile, with instances of both strong profitability and significant declines. Investors and analysts may need to closely monitor the company's asset management strategies and financial performance to assess its future profitability prospects.