Bio-Techne Corp (TECH)

Operating return on assets (Operating ROA)

		Jun 30, 2025	Mar 31, 2025	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
Operating income (ttm)	US$ in thousands	242,803	171,937	200,227	190,812	206,687	255,389	268,602	298,489	298,944	284,992	295,228	289,685	296,590	284,599	262,778	251,425	237,295	208,024	187,189	173,186
Total assets	US$ in thousands	2,557,870	2,644,260	2,670,420	2,736,020	2,813,190	2,721,170	2,730,750	2,755,360	2,638,690	2,599,700	2,363,400	2,350,720	2,294,800	2,299,890	2,304,850	2,270,190	2,262,960	2,084,640	2,067,870	2,053,100
Operating ROA		9.49%	6.50%	7.50%	6.97%	7.35%	9.39%	9.84%	10.83%	11.33%	10.96%	12.49%	12.32%	12.92%	12.37%	11.40%	11.08%	10.49%	9.98%	9.05%	8.44%

June 30, 2025 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $242,803K ÷ $2,557,870K
= 9.49%

The operating return on assets (ROA) of Bio-Techne Corp exhibits a trend characterized by gradual variation over the analyzed period. Starting from 8.44% as of September 30, 2020, the operating ROA increased consistently through the subsequent quarters, reaching a peak of approximately 12.92% on June 30, 2022. This upward progression suggests an improvement in the company's efficiency in generating operating income from its assets during this timeframe.

Following the peak in mid-2022, a modest decline is observed, with the metric decreasing to approximately 10.83% as of September 30, 2023. This decline continues into the subsequent quarters, with the ratio falling below 10% in early 2024, reaching 6.97% on September 30, 2024. A slight uptick is noted thereafter, with the figure rising marginally to 7.50% on December 31, 2024, before declining again to 6.50% as of March 31, 2025. Subsequently, there is a notable rebound to 9.49% by June 30, 2025.

Overall, the operating ROA reflects a pattern of initial growth, plateauing, followed by periods of decline and recovery. The initial increase up to late 2022 indicates improving operational efficiency and effectiveness in utilizing assets to generate operating profit. The subsequent decline signals potential challenges or shifts in operational dynamics, which are partially offset by periods of recovery later in the observed timeframe. The fluctuations suggest that while the company experienced periods of enhanced asset utilization, recent trends point toward a reduction in operating efficiency, though positive movement is also observed in the most recent data points.