Azenta Inc (AZTA)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -164,170 | -155,811 | -150,699 | -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 |
| Total assets | US$ in thousands | 2,100,040 | 2,323,300 | 2,563,500 | 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 |
| ROA | -7.82% | -6.71% | -5.88% | -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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-164,170K ÷ $2,100,040K
= -7.82%
The return on assets (ROA) of Azenta Inc has fluctuated significantly over the past few quarters. The ROA was negative in the most recent quarter, Sep 30, 2024, at -7.82%, indicating that the company generated a net loss relative to its assets. This negative trend was also observed in the previous quarter, Jun 30, 2024, at -6.71%.
Looking back further, the ROA was also negative in Mar 31, 2024, at -5.88%. However, in the preceding quarter, Dec 31, 2023, the ROA improved to -0.66%, although still negative. The company showed a positive ROA in the quarter a year ago, Dec 31, 2022, at a significant 63.12%, and maintained strong performance in the subsequent quarters of Sep 30, 2022, and Jun 30, 2022, with ROA figures of 57.39% and 58.44% respectively.
The positive trend in ROA continued in the previous quarters, although at a lower level, with the ROA ranging from 27.97% to 6.09%. However, there was a notable decline in ROA in the quarter ending Mar 31, 2021, where the ROA dropped to 5.56%. The company managed to improve its ROA in the following quarters, with figures above 4%.
Overall, the ROA of Azenta Inc has experienced fluctuations, with both positive and negative values in recent periods. It is important for investors and stakeholders to analyze the company's operations, profitability, and asset management to understand the factors driving these changes in ROA.
Peer comparison
Sep 30, 2024