Azenta Inc (AZTA)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -18,746 | -14,257 | -38,397 | -46,497 | 2,078,300 | 2,132,855 | 2,175,425 | 2,224,161 | 128,039 | 110,747 | 117,915 | 92,445 | 77,824 | 64,853 | 448,206 | 441,764 | 436,058 | 437,416 | 35,442 | 50,905 |
| Total assets | US$ in thousands | 2,824,310 | 2,885,720 | 3,069,420 | 3,249,810 | 3,292,420 | 3,716,120 | 3,722,720 | 4,159,050 | 1,854,940 | 1,819,510 | 1,763,260 | 1,664,100 | 1,614,730 | 1,559,260 | 1,503,920 | 1,479,330 | 1,558,960 | 1,516,000 | 1,492,860 | 1,487,880 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-18,746K ÷ $2,824,310K
= -0.66%
Azenta Inc's return on assets (ROA) experienced significant fluctuations over the past eight quarters. The ROA was negative in the most recent quarters, with a noticeable decrease from Q4 2023 to Q1 2024. The negative ROA indicates that the company's net income was insufficient to cover its total assets, reflecting potential operational inefficiencies or financial challenges during this period.
Contrastingly, in Q1 and Q2 of 2023, Azenta Inc achieved exceptionally high ROA percentages, exceeding 50%. This indicates strong profitability relative to its assets during that period, potentially driven by increased revenue, effective cost management, or asset utilization.
Overall, Azenta Inc's ROA trend suggests a mix of strong and weak financial performance in recent quarters. Further analysis of the company's financial statements and operational activities would be necessary to understand the factors influencing these fluctuations in ROA.
Peer comparison
Dec 31, 2023