Azenta Inc (AZTA)
Liquidity ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.07 | 4.78 | 5.86 | 5.87 | 6.73 | 7.42 | 7.46 | 6.51 | 10.67 | 13.21 | 4.92 | 2.33 | 2.25 | 2.31 | 2.73 | 2.99 | 3.08 | 2.93 | 2.91 | 2.34 |
| Quick ratio | 3.39 | 4.55 | 4.81 | 4.84 | 6.12 | 6.32 | 6.34 | 5.35 | 7.52 | 11.97 | 4.68 | 1.00 | 1.01 | 1.62 | 2.05 | 2.04 | 2.08 | 2.14 | 2.14 | 1.81 |
| Cash ratio | 2.55 | 3.72 | 4.05 | 4.18 | 5.38 | 5.52 | 5.55 | 4.54 | 6.81 | 11.20 | 4.45 | 0.63 | 0.66 | 0.87 | 1.21 | 1.17 | 1.19 | 1.25 | 1.23 | 1.22 |
Azenta Inc's liquidity ratios have shown a generally positive trend over the past few quarters. The current ratio, which measures the company's ability to meet short-term liabilities with current assets, has been consistently strong, ranging from 4.07 to 13.21 over the latest quarters. This indicates that the company has a substantial buffer of current assets to cover its current liabilities.
The quick ratio, a more stringent measure that excludes inventory from current assets, has also exhibited a favorable trend, fluctuating between 3.39 and 11.97. This suggests that Azenta Inc has a strong ability to meet its short-term obligations using its most liquid assets.
Furthermore, the cash ratio, which indicates the firm's ability to settle current liabilities with cash and cash equivalents, has shown an upward trajectory, ranging from 2.55 to 11.20. This indicates that the company has a solid cash position to cover its immediate liabilities.
Overall, Azenta Inc's liquidity ratios demonstrate a healthy liquidity position, with ample current assets to cover short-term obligations. This suggests that the company may have good financial health and operational efficiency in managing its short-term obligations.
Additional liquidity measure
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 125.71 | 123.44 | 120.86 | 129.58 | 127.97 | 144.85 | 157.42 | 173.41 | 136.51 | 156.51 | 106.22 | 70.15 | 56.35 | 112.57 | 117.69 | 115.55 | 96.53 | 76.14 | 74.40 | 70.81 |
The cash conversion cycle of Azenta Inc has shown fluctuations over the periods provided. The cash conversion cycle represents the time taken to convert inventory to cash through sales. A lower cash conversion cycle indicates improved efficiency in managing cash flow.
For Azenta Inc:
- In recent periods, the cash conversion cycle has been relatively stable, ranging from around 120 to 130 days.
- There was a notable increase in the cash conversion cycle from Dec 31, 2022, to Mar 31, 2023, and a peak at 173.41 days on Dec 31, 2022, implying potential challenges in converting inventory to cash during that period.
- The most efficient period in terms of cash conversion was on Dec 31, 2021, with a cycle of 56.35 days, indicating effective management of inventory and receivables.
- Overall, the company's cash conversion cycle has shown some volatility but generally appears to have improved since Dec 31, 2022, where it peaked.
Analyzing the trends and fluctuations in the cash conversion cycle can provide insights into Azenta Inc's inventory management, sales efficiency, and collection policies. It is essential for the company to maintain an optimal cash conversion cycle to ensure smooth operations and healthy cash flow management.