Bio-Techne Corp (TECH)

Return on assets (ROA)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net income	US$ in thousands	73,400	168,105	285,263	272,051	140,410
Total assets	US$ in thousands	2,557,870	2,703,870	2,638,690	2,294,800	2,262,960
ROA		2.87%	6.22%	10.81%	11.86%	6.20%

June 30, 2025 calculation

ROA = Net income ÷ Total assets
= $73,400K ÷ $2,557,870K
= 2.87%

The analyzed data presents the return on assets (ROA) for Bio-Techne Corp over a five-year period, ending each fiscal year on June 30. In the fiscal year ending June 30, 2021, the ROA was 6.20%. This figure increased markedly in the subsequent year, reaching 11.86% as of June 30, 2022, indicating a significant improvement in the company's efficiency in generating profit from its assets during that period.

However, the ROA experienced a decline in the following year, decreasing to 10.81% by June 30, 2023. Despite this reduction, the ROA remains relatively high, suggesting that the company's asset utilization continued to be effective, albeit with some deterioration compared to the prior year.

In the fiscal year ending June 30, 2024, the ROA saw a dramatic reduction to 6.22%, nearly halving from the previous year. This notable decline may reflect challenges faced by the company, such as increased operational costs, changes in asset base, or industry-specific difficulties impacting profitability.

Looking further ahead, the ROA decreased substantially into the fiscal year ending June 30, 2025, falling to 2.87%. This indicates a significant erosion of asset efficiency and profitability, which could be associated with either a strategic shift, increased investments not yet yielding returns, or external factors affecting overall performance.

Overall, the ROA of Bio-Techne Corp exhibited an upward trend during the initial years, peaking in 2022, followed by a successive decline in subsequent years. The sharp reduction by 2025 suggests potential concerns regarding asset utilization effectiveness or profitability sustainability in the context of recent fiscal periods.