Azenta Inc (AZTA)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -164,170 | -14,257 | 2,132,860 | 110,747 | 64,853 |
| Total assets | US$ in thousands | 2,100,040 | 2,885,720 | 3,716,120 | 1,819,510 | 1,559,260 |
| ROA | -7.82% | -0.49% | 57.39% | 6.09% | 4.16% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $-164,170K ÷ $2,100,040K
= -7.82%
The return on assets (ROA) for Azenta Inc has been varying significantly over the past five years. In 2024, the ROA was negative at -7.82%, indicating that the company generated a negative return on its assets in that year. This is in contrast to the previous year, 2023, when the ROA was also negative but at a lower rate of -0.49%.
The most notable performance in the last five years was in 2022, when the ROA reached a high of 57.39%. This suggests that in 2022, Azenta Inc was very effective in generating profit from its assets. However, this was followed by a decline in 2023 and a further significant decrease in 2024.
Compared to the more stable ROA figures in 2020 and 2021, the recent performance of Azenta Inc indicates a significant decrease in its ability to generate returns from its assets. The negative ROA in 2024 raises concerns about the company's operational efficiency and profitability, highlighting potential issues that may need to be addressed to improve its financial performance.
Peer comparison
Sep 30, 2024