Azenta Inc (AZTA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -200,678 | -205,014 | -206,096 | -72,118 | -73,126 | -71,127 | -60,364 | -52,095 | -24,735 | -31,347 | -27,157 | -31,769 | -31,088 | -11,229 | -22,397 | -24,222 | -36,600 | -118,076 | -89,602 | -64,785 |
| 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 |
| Operating profit margin | -30.82% | -30.95% | -31.37% | -11.17% | -10.91% | -11.24% | -10.08% | -8.76% | -4.46% | -5.71% | -3.72% | -3.66% | -3.18% | -1.18% | -2.62% | -3.04% | -4.86% | -9.47% | -7.30% | -5.48% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-200,678K ÷ $651,150K
= -30.82%
The operating profit margin of Azenta Inc has shown a fluctuating trend over the past few quarters. The margin has been negative in most periods, indicating that the company's operating expenses have exceeded its operating income.
In the recent quarter, ending September 30, 2024, the operating profit margin was -30.82%, which was slightly lower than the previous quarter's margin of -30.95%. This implies that the company's operating expenses remained high relative to its operating income.
Looking further back, the margin has shown some improvement compared to earlier periods, such as in the year-end of 2022 and early 2023. However, the margin deteriorated again in subsequent quarters.
Overall, the negative operating profit margins suggest that Azenta Inc may be facing challenges in controlling its operating expenses or generating sufficient revenue to cover those expenses. This trend indicates the need for the company to closely monitor and potentially optimize its cost structure and revenue generation strategies to improve its profitability in the future.
Peer comparison
Sep 30, 2024