Azenta Inc (AZTA)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -31,807 | 2,134,210 | 90,647 | 50,923 | 414,586 |
| Revenue | US$ in thousands | 667,215 | 2,683,250 | 501,137 | 887,939 | 1,154,590 |
| Pretax margin | -4.77% | 79.54% | 18.09% | 5.73% | 35.91% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-31,807K ÷ $667,215K
= -4.77%
The pretax margin of Azenta Inc has fluctuated over the past five years. In 2023, the pretax margin was -4.58%, indicating a decline from the previous year's -1.79%. This suggests that the company's profitability before considering taxes and interest expenses worsened in 2023. However, it is important to note that the pretax margin was positive in 2020 and 2019, with figures of 8.36% and 1.21% respectively. This indicates a significant decrease in profitability in 2023 compared to these two prior years. Overall, the downward trend in pretax margin from 2019 to 2023 raises concerns about the company's ability to control costs and generate profits before accounting for taxes and interest.
Peer comparison
Sep 30, 2023