Bio-Techne Corp (TECH)

Operating return on assets (Operating ROA)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating income	US$ in thousands	242,804	206,686	298,944	296,590	149,549
Total assets	US$ in thousands	2,557,870	2,703,870	2,638,690	2,294,800	2,262,960
Operating ROA		9.49%	7.64%	11.33%	12.92%	6.61%

June 30, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $242,804K ÷ $2,557,870K
= 9.49%

The operating return on assets (operating ROA) of Bio-Techne Corp exhibits notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025.

As of June 30, 2021, the company's operating ROA stood at 6.61%, indicating a modest level of operational efficiency in generating profit from its assets. This figure increased significantly the following year, reaching 12.92% by June 30, 2022, which suggests an improvement in operational performance and asset utilization.

However, the subsequent year, June 30, 2023, saw a slight decline to 11.33%. Despite this decrease, the operating ROA remained substantially higher than the 2021 level, maintaining an overall trend of growth from the initial measurement.

In the period ending June 30, 2024, the operational efficiency declined further to 7.64%. This decline may reflect increased operational costs, asset base changes, or shifts in the company's core business performance. Nonetheless, the figure remained above the 2021 level, indicating some resilience.

By June 30, 2025, the operating ROA improved again to 9.49%, signaling a partial recovery in operational efficiency compared to the previous year's dip. Overall, the trend demonstrates a pattern of initial growth, partial decline, and subsequent improvement, emphasizing the variable nature of the company's operational performance in relation to its asset base over the observed period.