Azenta Inc (AZTA)
Operating profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -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 | -47,430 | 39,043 | 35,167 |
| Revenue (ttm) | US$ in thousands | 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 | 1,154,490 | 562,470 | 564,435 |
| Operating profit margin | -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% | -4.11% | 6.94% | 6.23% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-72,118K ÷ $645,780K
= -11.17%
Azenta Inc's operating profit margin has displayed considerable variability over the past eight quarters. In Q1 2024, the operating profit margin stood at -13.48%, continuing a trend of negative margins seen in the previous quarters. The margin improvement from Q3 2022 (-189.95%) to Q1 2023 (-8.43%) indicates a significant and positive advancement, although the company still operated at a loss during that period. The recent quarters have shown a general stabilization in the operating profit margin, with Q2 2023 (-12.42%) and Q3 2023 (-13.57%) reflecting relatively consistent performance. This trend, however, was disrupted in Q4 2023 (-13.10%), showing a slight deterioration. Overall, the company's operating profit margin appears to be under strain, warranting a closer examination of its cost structure and revenue generation capabilities to address the consistent negative margins.
Peer comparison
Dec 31, 2023