Vericel Corp Ord (VCEL)

Return on assets (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
Net income (ttm)	US$ in thousands	10,362	3,548	789	451	-2,024	-9,095	-12,012	-15,836	-16,408	-17,796	-16,150	-11,092	-7,472	214	8,763	4,280	2,864	145	-3	-11,526
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
ROA		2.39%	0.91%	0.21%	0.13%	-0.57%	-2.86%	-3.87%	-5.97%	-6.01%	-7.18%	-6.60%	-4.62%	-3.07%	0.10%	3.95%	2.02%	1.39%	0.09%	-0.00%	-7.54%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $10,362K ÷ $432,722K
= 2.39%

Vericel Corp Ord's Return on Assets (ROA) has exhibited significant fluctuations over the past few years. The ROA was negative in the first half of 2020, indicating that the company's assets were not effectively generating profits during that period. However, the ROA improved gradually throughout 2020 and peaked at 3.95% by June 30, 2021, showcasing better asset utilization and profitability.

Subsequently, the ROA began to decline, dropping to negative values again by the end of 2021 and continuing into 2022 and 2023. This negative trend suggests that the company's assets were not generating sufficient returns to cover its expenses and investments during this period. However, a slight turnaround was observed in the latter half of 2023 and into 2024, with the ROA turning positive again and reaching 2.39% by December 31, 2024.

Overall, Vericel Corp Ord's ROA has been volatile, indicating fluctuations in the company's ability to generate profits from its assets. The negative ROA figures highlight challenges in effectively utilizing assets, while the positive values demonstrate periods of improved profitability. Monitoring ROA trends can help assess the company's efficiency in managing its assets and generating returns for stakeholders.