Vericel Corp Ord (VCEL)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-3,182	-16,709	-7,471	2,864	-9,665
Total assets	US$ in thousands	353,657	273,003	243,705	205,608	153,238
ROA		-0.90%	-6.12%	-3.07%	1.39%	-6.31%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-3,182K ÷ $353,657K
= -0.90%

Vericel Corp's Return on Assets (ROA) has fluctuated over the past five years. In 2023, the ROA was at -0.90%, indicating that the company generated a negative return on its assets. This is an improvement from the previous year's ROA of -6.12%. However, in 2021, the ROA was also negative at -3.07%.

The positive ROA of 1.39% in 2020 suggests that the company was able to generate a modest return on its assets during that period. In contrast, the ROA was significantly negative at -6.31% in 2019, indicating a poor performance in utilizing its assets to generate profits.

Overall, Vericel Corp's ROA has shown variability in recent years, with the company experiencing both positive and negative returns on its assets. It is important for the company to focus on improving its asset utilization efficiency to ensure sustainable profitability in the future.