Azenta Inc (AZTA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -31,856 | -31,807 | -45,594 | -45,194 | 2,079,663 | 2,134,158 | 2,159,318 | 2,199,961 | 104,729 | 90,587 | 93,768 | 74,218 | 65,307 | 50,923 | 430,533 | 426,231 | 416,095 | 414,586 | 38,422 | 51,975 |
| 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 |
| Pretax margin | -4.93% | -4.75% | -7.20% | -7.55% | 349.59% | 384.88% | 393.15% | 301.46% | 12.08% | 9.27% | 9.88% | 8.69% | 8.21% | 6.76% | 34.54% | 34.72% | 35.18% | 35.91% | 6.83% | 9.21% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-31,856K ÷ $645,780K
= -4.93%
Azenta Inc's pretax margin has shown a decreasing trend over the past eight quarters, with Q1 2024 recording the lowest pretax margin at -4.75%. The company experienced a significant decline in pretax margin between Q3 2022 and Q2 2022, where it sharply dropped from -207.04% to -44.81%. Such a large negative margin suggests that the company's expenses are exceeding its revenues by a substantial amount. Overall, Azenta Inc has been struggling to maintain a positive pretax margin, indicating potential inefficiencies in cost management and revenue generation that may require further investigation and strategic adjustments.
Peer comparison
Dec 31, 2023