Azenta Inc (AZTA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,768,970 | 2,534,500 | 3,363,390 | 1,325,330 | 1,213,610 |
| ROE | -9.28% | -0.56% | 63.41% | 8.36% | 5.34% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-164,170K ÷ $1,768,970K
= -9.28%
Azenta Inc's return on equity (ROE) has displayed significant fluctuations over the past five years. In 2024, the company incurred a negative ROE of -9.28%, indicating that its net income may not have been sufficient to generate a positive return for shareholders. This was a notable decline compared to the previous year when the ROE was -0.56%.
The most substantial ROE was observed in 2022, standing at an impressive 63.41%. This could suggest that Azenta Inc efficiently utilized its shareholder equity to generate profits during that period. However, this performance was not sustained, as the ROE dropped to 8.36% in 2021 and further to 5.34% in 2020.
The negative ROE in 2024 raises concerns about the company's profitability and its ability to generate returns for its shareholders. It would be essential for Azenta Inc to identify the factors contributing to the decline in ROE and implement strategies to improve its financial performance and restore investor confidence.
Peer comparison
Sep 30, 2024