Azenta Inc (AZTA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,768,970 | 1,990,400 | 2,222,870 | 2,443,660 | 2,534,500 | 2,723,500 | 2,895,230 | 2,871,390 | 3,363,390 | 3,427,790 | 3,464,980 | 1,367,420 | 1,325,330 | 1,307,830 | 1,266,030 | 1,252,150 | 1,213,610 | 1,174,850 | 1,161,130 | 1,158,700 |
| ROE | -9.28% | -7.83% | -6.78% | -0.77% | -0.56% | -1.41% | -1.61% | 72.38% | 63.41% | 63.46% | 64.19% | 9.36% | 8.36% | 9.02% | 7.30% | 6.22% | 5.34% | 38.15% | 38.05% | 37.63% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-164,170K ÷ $1,768,970K
= -9.28%
Based on the data provided, Azenta Inc's return on equity (ROE) has shown significant variability over the past few quarters. The ROE has ranged from a low of -9.28% in September 2024 to a high of 72.38% in December 2022.
The negative ROE figures in recent quarters (September 2024 to March 2024) indicate that the company's net income may not be sufficient to cover shareholders' equity, suggesting potential financial challenges or inefficiencies during these periods.
However, the positive ROE figures in earlier quarters (December 2022 to March 2023) suggest that the company was generating a healthy return on the shareholders' equity during that time.
It is important to investigate the reasons behind the negative ROE trends in more recent quarters and assess the company's financial performance, operational efficiency, and overall profitability to determine the factors contributing to these fluctuations in ROE. Additional analysis and context regarding the company's financial health and strategic direction would be necessary to provide a more comprehensive understanding of Azenta Inc's ROE dynamics.
Peer comparison
Sep 30, 2024