Chembio Diagnostics

Chembio Diagnostics ROA

Delisted

The Return on Assets (ROA) of Chembio Diagnostics (CEMI) as of Oct 21, 2026 is -37.20 %. In the previous year, Return on Assets (ROA) was -46.28 % — a change of -19.63% (higher).

ROA

-37.20 %

YoY

-19.63%

Last updated:

In 2022, Chembio Diagnostics's return on assets (ROA) was -37.20 %, a -19.63% increase from the -46.28 % ROA in the previous year.

The Chembio Diagnostics ROA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROA
Date
ROA
Jan 1, 2015
-11.52 USD
Jan 1, 2016
-64.87 USD
Jan 1, 2017
-38.35 USD
Jan 1, 2018
-19.23 USD
Jan 1, 2019
-24.54 USD
Jan 1, 2020
-39.33 USD
Jan 1, 2021
-46.28 USD
Jan 1, 2022
-37.20 USD
The Chembio Diagnostics ROA history
YEARROAYoY
-37.20 %-19.63%
-46.28 %+17.68%
-39.33 %+60.27%
-24.54 %+27.63%
-19.23 %-49.86%
-38.35 %-40.89%
-64.87 %+463.34%
-11.52 %+153.25%
-4.55 %—

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Chembio Diagnostics Stock analysis

What does Chembio Diagnostics do? Chembio Diagnostics Inc is a biomedical company specializing in the development and commercialization of diagnostic test kits. The company was founded in 1985 and is headquartered in Medford, New York. Chembio Diagnostics is one of the most popular companies on Eulerpool.

ROA Details

Understanding Chembio Diagnostics's Return on Assets (ROA)

Chembio Diagnostics's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Chembio Diagnostics's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Chembio Diagnostics's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Chembio Diagnostics’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Chembio Diagnostics stock

Return on Assets (ROA) of Chembio Diagnostics is -37.20 % in 2022.

Return on Assets (ROA) of Chembio Diagnostics changed from -46.28 % to -37.20 %, representing a -19.63% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Assets (ROA) Chembio Diagnostics since 2006 – with annual values, charts, and detailed analysis.

Return on Assets, also known as ROA, is a financial metric used to measure a company's profitability. It is used to determine how effectively a company uses its assets to generate profits. It is also referred to as the ratio of net income to total assets. ROA is an important indicator of a company's overall financial performance as it measures the company's ability to generate more profit from the assets it employs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Assets (ROA)'s Chembio Diagnostics with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Assets (ROA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Assets (ROA).

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Profitability — Chembio Diagnostics

All Key Metrics — Chembio Diagnostics