Mesa Laboratories Inc (MLAB)

Return on assets (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
Net income (ttm)	US$ in thousands	-249,443	-245,651	-250,309	-254,246	948	-717	1,819	930	-1,465	-3,976	-1,562	1,871	7,575	5,093	4,052	3,082	-2,518	-2,606	-2,223	1,349
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
ROA		-57.06%	-54.10%	-56.84%	-56.90%	0.13%	-0.11%	0.28%	0.14%	-0.22%	-0.61%	-0.23%	0.26%	1.05%	0.84%	0.66%	0.51%	-0.41%	-0.44%	-0.39%	0.32%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-249,443K ÷ $437,148K
= -57.06%

Mesa Laboratories Inc's return on assets (ROA) has shown significant fluctuations over the past few years. From March 2020 to December 2021, the ROA ranged from negative values to positive values, indicating variability in the company's profitability in relation to its assets. Notably, there was a gradual increase in ROA from March 2021 to December 2021, reaching a peak of 1.05%.

However, starting from March 2022, there was a sharp decline in ROA, with negative values persisting through the end of 2024. The most drastic drop occurred in the first quarter of 2024, with an ROA of -56.90%, signifying a substantial decline in the company's ability to generate profits relative to its assets.

This trend suggests potential challenges and inefficiencies in Mesa Laboratories Inc's asset utilization and overall operational performance during this period. Further analysis and investigation into the company's financial strategies and operational changes may be necessary to address these concerning developments and improve its ROA in the future.