Azenta Inc (AZTA)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -200,678 | -73,126 | -24,735 | -31,089 | -36,600 |
| Total assets | US$ in thousands | 2,100,040 | 2,885,720 | 3,716,120 | 1,819,510 | 1,559,260 |
| Operating ROA | -9.56% | -2.53% | -0.67% | -1.71% | -2.35% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-200,678K ÷ $2,100,040K
= -9.56%
Azenta Inc's operating return on assets (operating ROA) has varied over the past five years. As of September 30, 2024, the operating ROA was -9.56%, indicating that the company generated a negative return on its operating assets during that period. This is a significant decrease compared to the previous year, where the operating ROA was -2.53%.
The trend in operating ROA shows inconsistency over the five-year period, with fluctuations between negative values. The highest operating ROA was -0.67% in September 2022, while the lowest was -9.56% in September 2024.
The negative operating ROA figures suggest that Azenta Inc may be experiencing challenges in efficiently utilizing its operating assets to generate profits from its core business operations. It is crucial for the company to address the factors contributing to the decline in operating ROA to improve its financial performance and overall profitability.
Peer comparison
Sep 30, 2024