Azenta Inc (AZTA)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 645,780 | 669,996 | 633,011 | 598,573 | 594,894 | 554,493 | 549,230 | 729,759 | 867,038 | 977,448 | 948,755 | 854,265 | 795,637 | 753,076 | 1,246,466 | 1,227,754 | 1,182,711 | 1,154,490 | 562,470 | 564,435 |
| Property, plant and equipment | US$ in thousands | 210,628 | 203,806 | 208,930 | 213,795 | 215,960 | 154,270 | 154,596 | 150,408 | 147,189 | 130,572 | 146,259 | 131,975 | 126,252 | 87,441 | 109,810 | 108,744 | 105,296 | 100,669 | 98,330 | 97,939 |
| Fixed asset turnover | 3.07 | 3.29 | 3.03 | 2.80 | 2.75 | 3.59 | 3.55 | 4.85 | 5.89 | 7.49 | 6.49 | 6.47 | 6.30 | 8.61 | 11.35 | 11.29 | 11.23 | 11.47 | 5.72 | 5.76 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $645,780K ÷ $210,628K
= 3.07
Azenta Inc's fixed asset turnover has shown fluctuations over the past quarters. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its fixed assets. A higher ratio indicates better efficiency in utilizing fixed assets to generate sales.
In Q4 2023 and Q1 2024, Azenta Inc's fixed asset turnover was 3.23 and 3.04, respectively, indicating an efficient use of fixed assets to generate revenue. This trend suggests that the company managed to generate more sales relative to its investment in fixed assets during these periods.
However, in Q3 and Q2 of 2022, the company had notably lower fixed asset turnover ratios of 0.52 and 1.75, respectively. These lower ratios may suggest inefficiencies in utilizing fixed assets to generate revenue during those quarters.
It is worth noting that the fixed asset turnover ratio can be influenced by various factors, such as changes in sales volume, asset base, and depreciation methods. Therefore, it is important for Azenta Inc to closely monitor and analyze its fixed asset turnover ratios to ensure optimal utilization of its fixed assets for revenue generation.
Peer comparison
Dec 31, 2023