Azenta Inc (AZTA)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 263,367 | 261,987 | 260,936 | 250,787 | 263,140 | 253,221 | 244,816 | 262,405 | 255,584 | 263,612 | 266,443 | 253,518 | 243,809 | 230,202 | 207,034 | 190,797 | 172,148 | 18,110 | 62,357 | 101,210 |
| Revenue (ttm) | US$ in thousands | 651,150 | 662,379 | 657,005 | 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 |
| Gross profit margin | 40.45% | 39.55% | 39.72% | 38.83% | 39.27% | 40.00% | 40.90% | 44.11% | 46.09% | 48.00% | 36.51% | 29.24% | 24.94% | 24.26% | 24.24% | 23.98% | 22.86% | 1.45% | 5.08% | 8.56% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $263,367K ÷ $651,150K
= 40.45%
Over the past several quarters, Azenta Inc's gross profit margin has displayed variability, ranging from a low of 1.45% in September 2022 to a high of 48.00% in June 2022. The trend indicates fluctuations in the company's ability to generate profit from its sales after accounting for the cost of goods sold. In recent quarters, the gross profit margin has generally shown an improving trend, with notable increases from September 2022 onwards. This improvement suggests that Azenta Inc has been effectively managing its production costs and pricing strategies, leading to higher profitability. However, fluctuations in the gross profit margin over the periods indicate the need for continued monitoring and strategic decision-making to sustain and enhance profitability in the future.
Peer comparison
Sep 30, 2024