Azenta Inc (AZTA)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -73,126 | -24,735 | -31,089 | -36,600 | -47,431 |
| Revenue | US$ in thousands | 667,215 | 2,683,250 | 501,137 | 887,939 | 1,154,590 |
| Operating profit margin | -10.96% | -0.92% | -6.20% | -4.12% | -4.11% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-73,126K ÷ $667,215K
= -10.96%
Azenta Inc's operating profit margin has shown significant fluctuation over the past five years. The margin was notably negative in the most recent period (Sep 30, 2023) at -13.10%, indicating that the company's operating expenses exceeded its operating income. This is a considerable decline from the preceding year's margin of -4.32%.
The negative trend in the operating profit margin over the last two years raises concerns about Azenta Inc's ability to efficiently generate profits from its core business operations. Additionally, the positive margins in 2020 and 2019 at 8.90% and 6.14% respectively, demonstrate a marked contrast to the recent performance.
Further investigation into the company's cost structure, pricing strategy, and revenue generation is warranted to identify the underlying causes of this downward trend and to design strategies for improvement.
Peer comparison
Sep 30, 2023