Azenta Inc (AZTA)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 263,140 | 255,584 | 243,809 | 172,148 | 134,604 |
| Revenue | US$ in thousands | 667,215 | 2,683,250 | 501,137 | 887,939 | 1,154,590 |
| Gross profit margin | 39.44% | 9.53% | 48.65% | 19.39% | 11.66% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $263,140K ÷ $667,215K
= 39.44%
The gross profit margin of Azenta Inc has shown a declining trend over the past five years, decreasing from 47.46% in 2021 to 39.57% in 2023. This indicates that the company's cost of goods sold has been increasing at a higher rate than its revenues, leading to a lower percentage of revenue being retained as gross profit. The decrease in gross profit margin could be attributed to factors such as rising production costs, pricing pressures, or changes in sales mix. Management should closely evaluate the underlying reasons for this trend and take appropriate measures to improve operational efficiencies and pricing strategies to potentially increase the gross profit margin in the future.
Peer comparison
Sep 30, 2023