Azenta Inc (AZTA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 1,138,950 | 738,126 | 729,911 |
| ROE | -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% | 38.41% | 4.80% | 6.97% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-18,746K ÷ $2,443,660K
= -0.77%
Azenta Inc's return on equity (ROE) has shown significant volatility over the past 8 quarters. The company experienced a sharp decline in Q1 2024 with a negative ROE of -0.77%, following a negative ROE of -0.56% in Q4 2023 and -1.41% in Q3 2023. These declining ROE figures indicate that the company's profitability relative to its shareholder equity has weakened in recent quarters.
However, it is worth noting that Azenta Inc reported exceptionally high ROE figures in the preceding quarters, with ROE exceeding 60% in Q1 2023, Q4 2022, Q3 2022, and Q2 2022. These high ROE figures suggest that the company was extremely efficient in generating profits from its equity during that period.
Overall, the recent negative trend in ROE raises concerns about Azenta Inc's ability to generate returns for its shareholders in the short term. Further analysis of the company's financial performance and underlying factors driving the ROE fluctuations would be necessary to provide more insight into its financial health and future prospects.
Peer comparison
Dec 31, 2023