Azenta Inc (AZTA)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 38.83% | 39.27% | 40.00% | 40.90% | 44.11% | 46.09% | 48.00% | 36.51% | 29.24% | 24.94% | 24.26% | 24.24% | 23.98% | 22.86% | 1.45% | 5.08% | 8.56% | 11.66% | 53.11% | 49.97% |
| Operating profit margin | -11.17% | -10.91% | -11.24% | -10.08% | -8.76% | -4.46% | -5.71% | -3.72% | -3.66% | -3.18% | -1.18% | -2.62% | -3.04% | -4.86% | -9.47% | -7.30% | -5.48% | -4.11% | 6.94% | 6.23% |
| 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% |
| Net profit margin | -2.90% | -2.13% | -6.07% | -7.77% | 349.36% | 384.65% | 396.09% | 304.78% | 14.77% | 11.33% | 12.43% | 10.82% | 9.78% | 8.61% | 35.96% | 35.98% | 36.87% | 37.89% | 6.30% | 9.02% |
Azenta Inc's profitability ratios exhibit a declining trend over the past quarters. The gross profit margin has decreased from 44.16% in Q1 2023 to 39.12% in Q1 2024, indicating that the company is generating less profit from its sales. The operating profit margin has also decreased, showing negative values in recent quarters, with Q1 2024 at -13.48%. This suggests that the company's operating expenses are high relative to its revenue.
Additionally, the pretax margin has also shown a negative trend, with Q1 2024 at -4.75%. This indicates that the company's earnings before taxes are diminishing. The net profit margin has fluctuated significantly, with negative values in Q1-Q3 2023 and positive values with extreme percentages in Q4 2022 and Q1 2023. This erratic behavior in net profit margin could be due to one-time gains or losses impacting the bottom line.
In conclusion, Azenta Inc's profitability ratios indicate a concerning trend of declining margins, particularly in operating and pretax margins. It would be essential for the company to assess and potentially restructure its operations to improve efficiency and bottom-line performance.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -0.66% | -0.49% | -1.25% | -1.43% | 63.12% | 57.39% | 58.44% | 53.48% | 6.90% | 6.09% | 6.69% | 5.56% | 4.82% | 4.16% | 29.80% | 29.86% | 27.97% | 28.85% | 2.37% | 3.42% |
| Return on total capital | -2.95% | -2.42% | -2.31% | -1.64% | 72.57% | 63.59% | 63.13% | 63.58% | 7.53% | 6.74% | 7.07% | 5.83% | 5.23% | 4.26% | 35.42% | 36.05% | 35.89% | 36.73% | 4.91% | 5.57% |
| Return on equity (ROE) | -0.77% | -0.56% | -1.41% | -1.61% | 72.38% | 63.41% | 63.46% | 64.19% | 9.36% | 8.36% | 9.02% | 7.30% | 6.22% | 5.34% | 38.15% | 38.05% | 37.63% | 38.41% | 4.80% | 6.97% |
The profitability ratios of Azenta Inc show fluctuations over the quarters analyzed.
- Operating return on assets (Operating ROA) ranged from -3.06% in Q1 2024 to -0.65% in Q4 2022, with a generally negative trend, indicating that the company's operating performance relative to its assets has been deteriorating.
- Return on assets (ROA) fluctuated from -1.43% in Q2 2023 to 63.12% in Q1 2023, suggesting significant variability in the company's ability to generate profits from its total assets. The negative values in some quarters indicate a loss-making situation.
- Return on total capital ranged from -3.54% in Q1 2024 to -0.71% in Q4 2022, displaying a downward trend, reflecting the company's inefficiency in generating returns from its total invested capital.
- Return on equity (ROE) showed fluctuations from -1.61% in Q2 2023 to 72.38% in Q1 2023, indicating variability in the company's ability to generate profits for its equity shareholders. The negative values suggest that the company may not be effectively utilizing shareholders' equity to generate returns.
Overall, the profitability ratios indicate inconsistent performance in generating returns from assets, capital, and equity. Further analysis and investigation into the reasons behind these fluctuations are recommended to assess Azenta Inc's profitability sustainability.