Azenta Inc (AZTA)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 1,516,000 | 1,492,860 | 1,487,880 |
| Operating ROA | -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% | -3.13% | 2.62% | 2.36% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-72,118K ÷ $2,824,310K
= -2.55%
Based on the data provided for Azenta Inc's operating return on assets (operating ROA) over the last eight quarters, we observe a fluctuating trend. The operating ROA has shown a mixed performance ranging from -4.09% in Q3 2022 to -0.65% in Q4 2022, indicating decreased operating profitability during some periods. However, there was a noticeable decline in Q1 2024 with the operating ROA decreasing to -3.06%.
Overall, the operating ROA for Azenta Inc appears to be volatile, with periods of negative returns on assets. This suggests that the company may be facing challenges in generating profits from its core operations relative to its asset base. Further analysis and investigation into the underlying factors influencing these fluctuations would be required to gain a comprehensive understanding of Azenta Inc's operating performance.
Peer comparison
Dec 31, 2023