Azenta Inc (AZTA)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -14,257 | 2,132,860 | 110,747 | 64,853 | 437,416 |
| Revenue | US$ in thousands | 667,215 | 2,683,250 | 501,137 | 887,939 | 1,154,590 |
| Net profit margin | -2.14% | 79.49% | 22.10% | 7.30% | 37.88% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-14,257K ÷ $667,215K
= -2.14%
Based on the net profit margin data provided, it is evident that Azenta Inc experienced a significant decrease in net profit margin in the most recent period, dropping to -2.14% from 383.95% in the prior year. This substantial decline may raise concerns about the company's profitability and efficiency in managing costs and expenses relative to its revenue. The 2023 net profit margin reflects a low level of profitability, potentially indicating operating challenges and unfavorable financial performance. It is essential for stakeholders to closely examine the company's financial management and operational strategies to identify the factors contributing to this notable decrease in net profit margin.
Peer comparison
Sep 30, 2023