Vericel Corp Ord (VCEL)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	4,519	-1,229	-3,821	-3,751	-6,464	-13,110	-14,841	-17,962	-17,058	-19,002	-17,175	-11,822	-7,854	294	8,772	4,143	2,372	-707	-1,127	-12,969
Total assets	US$ in thousands	432,722	390,405	376,839	356,661	353,657	318,125	310,711	265,096	273,003	248,017	244,815	240,288	243,705	224,143	221,945	211,464	205,608	157,504	146,691	152,890
Operating ROA		1.04%	-0.31%	-1.01%	-1.05%	-1.83%	-4.12%	-4.78%	-6.78%	-6.25%	-7.66%	-7.02%	-4.92%	-3.22%	0.13%	3.95%	1.96%	1.15%	-0.45%	-0.77%	-8.48%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $4,519K ÷ $432,722K
= 1.04%

Vericel Corp Ord's operating return on assets (operating ROA) has shown fluctuations over the analyzed period. The company experienced negative operating ROA in the initial quarters of the data set, reaching its lowest point of -8.48% on March 31, 2020. However, there was a gradual improvement thereafter, with the operating ROA turning positive by December 31, 2020, and reaching its peak of 3.95% on June 30, 2021.

Subsequently, the operating ROA started to decline again, dropping into negative territory by September 30, 2021. The trend of negative operating ROA continued into the following quarters, stabilizing at around -6% to -4% from March 31, 2022, to June 30, 2023.

There was a slight improvement in operating ROA towards the end of the analyzed period, with the metric moving closer to positive territory by December 31, 2024, at 1.04%. Overall, Vericel Corp Ord's operating ROA reflects the company's ability to generate earnings from its assets, showcasing both periods of strength and challenges in operational performance.