Azenta Inc (AZTA)
Return on total capital
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -200,678 | -73,126 | 2,138,800 | 92,684 | 53,867 |
| Long-term debt | US$ in thousands | — | — | — | 49,677 | 49,588 |
| Total stockholders’ equity | US$ in thousands | 1,768,970 | 2,534,500 | 3,363,390 | 1,325,330 | 1,213,610 |
| Return on total capital | -11.34% | -2.89% | 63.59% | 6.74% | 4.26% |
September 30, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $-200,678K ÷ ($—K + $1,768,970K)
= -11.34%
Based on the data provided for Azenta Inc's return on total capital over the past five years, there has been significant variability in the company's performance.
In 2024, Azenta Inc had a negative return on total capital of -11.34%, indicating the company's capital efficiency deteriorated, resulting in a loss on the total capital employed. This represents a significant decline compared to the previous year's performance in 2023, where the return on total capital was also negative at -2.89%.
Contrastingly, Azenta Inc experienced a drastic improvement in capital utilization in 2022, with a notable return on total capital of 63.59%. This suggests that the company generated significant profits in relation to the total capital invested, showcasing strong operational efficiency that year.
In the preceding years, the return on total capital was more moderate, with values of 6.74% in 2021 and 4.26% in 2020. These figures suggest that Azenta Inc's capital efficiency was relatively stable during these periods, albeit with more modest profitability compared to the exceptional performance in 2022.
Overall, the fluctuating trend in Azenta Inc's return on total capital indicates varying degrees of capital productivity and operational performance over the past five years, with the company facing challenges in recent years but also demonstrating the ability to achieve superior returns under favorable conditions. Further analysis and examination of the underlying factors influencing these fluctuations would be necessary to provide a more detailed understanding of the company's financial performance and prospects.
Peer comparison
Sep 30, 2024