Azenta Inc (AZTA)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 2,100,040 | 2,323,300 | 2,563,500 | 2,824,310 | 2,885,720 | 3,069,420 | 3,249,810 | 3,292,420 | 3,716,120 | 3,722,720 | 4,159,050 | 1,854,940 | 1,819,510 | 1,763,260 | 1,664,100 | 1,614,730 | 1,559,260 | 1,503,920 | 1,479,330 | 1,558,960 |
| Operating ROA | -9.56% | -8.82% | -8.04% | -2.55% | -2.53% | -2.32% | -1.86% | -1.58% | -0.67% | -0.84% | -0.65% | -1.71% | -1.71% | -0.64% | -1.35% | -1.50% | -2.35% | -7.85% | -6.06% | -4.16% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-200,678K ÷ $2,100,040K
= -9.56%
The operating return on assets (operating ROA) of Azenta Inc has shown varying trends over the past few quarters. From September 2020 to September 2021, the operating ROA fluctuated between -7.85% and -0.64%, indicating inconsistent operational performance. However, starting from December 2021 to September 2024, there has been a general declining trend in the operating ROA, with values ranging from -2.55% to -9.56%.
The negative values of the operating ROA reflect that the company's operating income generated from its assets has been insufficient to cover its operating expenses and support profitability. The downward trend over the recent quarters may indicate challenges in generating sufficient operating income relative to the total assets employed.
It is essential for Azenta Inc to analyze the factors contributing to the decline in operating ROA and take corrective actions to improve operational efficiency and asset utilization, ultimately aiming to enhance profitability and shareholder value.
Peer comparison
Sep 30, 2024