Azenta Inc (AZTA)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -14,257 | 2,132,860 | 110,747 | 64,853 | 437,416 |
| Total assets | US$ in thousands | 2,885,720 | 3,716,120 | 1,819,510 | 1,559,260 | 1,516,000 |
| ROA | -0.49% | 57.39% | 6.09% | 4.16% | 28.85% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $-14,257K ÷ $2,885,720K
= -0.49%
The return on assets (ROA) of Azenta Inc has exhibited significant fluctuations over the past five years. In 2023, the ROA significantly decreased to -0.49% from its previous value of 57.39% in 2022. This substantial decline might indicate a decrease in the company's ability to generate profits from its assets.
The unusually high ROA of 57.39% in 2022 may have been an outlier, as it is significantly higher than the ROA in the surrounding years. This anomaly suggests that there may have been certain non-recurring or non-operational factors that led to the unusually high return in 2022.
The ROA values in 2021 and 2020 were 6.09% and 4.16% respectively, indicating a relatively stable and moderate performance in utilizing its assets to generate profits during these years.
In 2019, the ROA was 28.85%, which may have been due to favorable operational and financial performance during that period.
Overall, the ROA of Azenta Inc has been volatile, with significant fluctuations year over year. This suggests that the company's profitability relative to its assets has been inconsistent, potentially highlighting the need for further analysis to identify the underlying causes of these fluctuations.
Peer comparison
Sep 30, 2023