Azenta Inc (AZTA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,534,500 | 3,363,390 | 1,325,330 | 1,213,610 | 1,138,950 |
| ROE | -0.56% | 63.41% | 8.36% | 5.34% | 38.41% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-14,257K ÷ $2,534,500K
= -0.56%
To analyze Azenta Inc's return on equity (ROE) over the past five years, we observe a significant fluctuation in the ROE. In 2019, the ROE stood at 38.41%, indicating a strong return on equity for that year. However, there was a notable decline in 2020, with the ROE dropping to 5.34%. This trend continued into 2021, marking a slight increase to 8.36%, but still remaining below the 2019 levels.
Subsequently, in 2022, there was a substantial rise in ROE to 63.41%, signifying a remarkable improvement and exceeding the previous years' performance. However, this positive trend reversed in 2023, with the ROE turning negative at -0.56%. It is essential to conduct a more in-depth analysis to understand the underlying factors contributing to this negative ROE. Overall, the significant variation in the ROE over the past five years suggests fluctuations in the company's profitability and efficiency in generating returns for its shareholders.
Peer comparison
Sep 30, 2023